← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 142 · 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.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  2. 2.One paper bookmark costs ₹40 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹39 to make and Joseph sells it for ₹78. What is the markup in percent?
  5. 5.One potted plant costs ₹19 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One bag of popcorn costs ₹22 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  8. 8.One painted pebble costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹35 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹60 to make and Lakshmi sells it for ₹75. What is the markup in percent?
  12. 12.One cupcake costs ₹11 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  14. 14.One clay diya costs ₹36 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹18 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹24 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  19. 19.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  20. 20.One clay diya costs ₹32 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹40 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹30 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹50 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹48 to make and Ishaan sells it for ₹60. What is the markup in percent?
  28. 28.One handmade card costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  30. 30.One handmade card costs ₹29 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹48 to make and Aarav sells it for ₹96. What is the markup in percent?
  34. 34.One painted pebble costs ₹32 to make and Diya sells it for ₹48. What is the markup in percent?
  35. 35.One clay diya costs ₹56 to make and Gurpreet sells it for ₹70. What is the markup in percent?
  36. 36.One paper bookmark costs ₹14 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹10 to make and Kavya sells it for ₹12. What is the markup in percent?
  38. 38.One painted pebble costs ₹20 to make and Ananya sells it for ₹25. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹35 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹32 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 80
  3. 65
  4. 100
  5. 38
  6. 33
  7. 10
  8. 30
  9. 7
  10. 4
  11. 25
  12. 11
  13. cost + a markup
  14. 9
  15. 3
  16. 2
  17. 9
  18. 48
  19. what buyers will pay
  20. 64
  21. 10
  22. 48
  23. 10
  24. 45
  25. 75
  26. 24
  27. 25
  28. 11
  29. 10 rupees
  30. 58
  31. 30
  32. 33
  33. 100
  34. 50
  35. 25
  36. 28
  37. 20
  38. 25
  39. 70
  40. 8

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