← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 114 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

NameDateTime takenScore ___ / 40
  1. 1.One clay diya costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One painted pebble costs ₹10 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  4. 4.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  5. 5.One cup of lemonade costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  6. 6.One potted plant costs ₹45 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹16 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹50 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹28 to make and Vihaan sells it for ₹56. What is the markup in percent?
  12. 12.One friendship band costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  14. 14.One glass of chai costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹38 to make and Rohan sells it for ₹57. What is the markup in percent?
  16. 16.One fruit cup costs ₹55 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹54 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹60 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹53 to make and Joseph sells it for ₹106. What is the markup in percent?
  20. 20.One handmade card costs ₹10 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹49 to make and Vihaan sells it for ₹98. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹16 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹27 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  26. 26.One potted plant costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹45 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹16 to make and Lakshmi sells it for ₹20. What is the markup in percent?
  30. 30.One glass of chai costs ₹26 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹15 to make and Kabir sells it for ₹18. What is the markup in percent?
  32. 32.One jute bag costs ₹39 to make and Ishaan sells it for ₹78. What is the markup in percent?
  33. 33.One jute bag costs ₹60 to make and Riya sells it for ₹75. What is the markup in percent?
  34. 34.One paper bookmark costs ₹12 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹30 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹57 to make and Ananya sells it for ₹114. What is the markup in percent?
  38. 38.One handmade card costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?

Answer key

  1. 44
  2. 12
  3. 10 rupees
  4. what buyers will pay
  5. 10
  6. 54
  7. 4
  8. 5
  9. 7
  10. 60
  11. 100
  12. 55
  13. a loss
  14. 4
  15. 50
  16. 66
  17. 54
  18. 75
  19. 100
  20. 10
  21. 100
  22. 6
  23. 4
  24. 27
  25. cost + a markup
  26. 12
  27. 42
  28. 9
  29. 25
  30. 39
  31. 20
  32. 100
  33. 25
  34. 3
  35. 5
  36. 6
  37. 100
  38. 5
  39. 60
  40. 20

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids