← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 174 · 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 potted plant costs ₹38 to make and Tara sells it for ₹57. What is the markup in percent?
  2. 2.One jute bag costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹30 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹38 to make and Kavya sells it for ₹76. What is the markup in percent?
  5. 5.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  6. 6.One friendship band costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  8. 8.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  9. 9.One glass of chai costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  11. 11.One clay diya costs ₹27 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹40 to make and Arjun sells it for ₹48. What is the markup in percent?
  13. 13.One painted pebble costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹10 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹60 to make and Aarav sells it for ₹75. What is the markup in percent?
  16. 16.One paper bookmark costs ₹48 to make and Nisha sells it for ₹72. What is the markup in percent?
  17. 17.One paper bookmark costs ₹20 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹22 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹30 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One friendship band costs ₹60 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹29 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹53 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹12 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹39 to make and Vihaan sells it for ₹78. What is the markup in percent?
  28. 28.One clay diya costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹22 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹10 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹54 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  34. 34.One paper bookmark costs ₹24 to make and Kabir sells it for ₹30. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹40 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹45 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  39. 39.One friendship band costs ₹10 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 44
  3. 60
  4. 100
  5. a loss
  6. 3
  7. 10 rupees
  8. cost + a markup
  9. 6
  10. what buyers will pay
  11. 54
  12. 20
  13. 11
  14. 5
  15. 25
  16. 50
  17. 25
  18. 44
  19. 22
  20. 6
  21. 36
  22. 12
  23. 5
  24. 58
  25. 53
  26. 15
  27. 100
  28. 22
  29. 22
  30. 22
  31. 15
  32. 81
  33. 20
  34. 25
  35. 80
  36. 55
  37. 54
  38. 10
  39. 1
  40. 3

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