Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 968 · 40 questions

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

1. 1.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
3. 3.It costs ₹53 to make one painted pebble. On the last day Joseph sells it for only ₹43. How much is the loss on one (in ₹)?
4. 4.Aarav makes 12 friendship bands at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
5. 5.True or false: “cost of making one” is the selling price. (a) True (b) False
6. 6.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
7. 7.It costs ₹55 to make one friendship band. On the last day Dev sells it for only ₹52. How much is the loss on one (in ₹)?
8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
9. 9.It costs ₹58 to make one fruit cup. Joseph sells it for ₹77. What is the profit on one (in ₹)?
10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
11. 11.True or false: “money got from a sale” is the selling price. (a) True (b) False
12. 12.One clay diya costs ₹41 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
13. 13.Farhan makes 27 glasses of chai at a cost of ₹10 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
14. 14.True or false: “what a customer pays” is the cost price. (a) False (b) True
15. 15.True or false: “the price on your board” is the cost price. (a) True (b) False
16. 16.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
17. 17.It costs ₹19 to make one handmade card. On the last day Arjun sells it for only ₹15. How much is the loss on one (in ₹)?
18. 18.It costs ₹35 to make one cup of lemonade. Lakshmi sells it for ₹54. What is the profit on one (in ₹)?
19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
20. 20.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
21. 21.It costs ₹59 to make one clay diya. On the last day Nisha sells it for only ₹52. How much is the loss on one (in ₹)?
22. 22.It costs ₹28 to make one painted pebble. Rohan sells it for ₹33. What is the profit on one (in ₹)?
23. 23.It costs ₹17 to make one painted pebble. Farhan sells it for ₹22. What is the profit on one (in ₹)?
24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
25. 25.True or false: “what you paid for it” is the selling price. (a) False (b) True
26. 26.One painted pebble costs ₹9 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
27. 27.One clay diya costs Aarav ₹58 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
28. 28.True or false: “money spent to get it” is the cost price. (a) True (b) False
29. 29.It costs ₹56 to make one handmade card. On the last day Vihaan sells it for only ₹54. How much is the loss on one (in ₹)?
30. 30.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
31. 31.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
32. 32.It costs ₹47 to make one cupcake. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
33. 33.It costs ₹65 to make one paper bookmark. On the last day Dev sells it for only ₹58. How much is the loss on one (in ₹)?
34. 34.It costs ₹33 to make one paper bookmark. Ananya sells it for ₹43. What is the profit on one (in ₹)?
35. 35.Arjun makes 22 bags of popcorn at a cost of ₹10 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
36. 36.True or false: “what a customer pays” is the selling price. (a) False (b) True
37. 37.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
38. 38.It costs ₹55 to make one glass of chai. Tara sells it for ₹67. What is the profit on one (in ₹)?
39. 39.One cup of lemonade costs ₹9 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
40. 40.Aarav makes 5 cups of lemonade at a cost of ₹22 each and sells all of them at ₹33 each. What is the total profit (in ₹)?

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