← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 212 · 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 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  2. 2.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  4. 4.One bag of popcorn costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  7. 7.One paper bookmark costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹24 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹52 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹44 to make and Vihaan sells it for ₹55. What is the markup in percent?
  11. 11.One glass of chai costs ₹20 to make and Meera sells it for ₹24. What is the markup in percent?
  12. 12.One glass of chai costs ₹56 to make and Tara sells it for ₹70. What is the markup in percent?
  13. 13.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  14. 14.One glass of chai costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹30 to make and Dev sells it for ₹60. What is the markup in percent?
  16. 16.One fruit cup costs ₹28 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹34 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹52 to make and Ananya sells it for ₹78. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹35 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  22. 22.One jute bag costs ₹44 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One jute bag costs ₹45 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  27. 27.One paper bookmark costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  28. 28.One clay diya costs ₹35 to make and Meera sells it for ₹70. What is the markup in percent?
  29. 29.One potted plant costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹44 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹19 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹38 to make and Aarav sells it for ₹57. What is the markup in percent?
  34. 34.One cupcake costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  35. 35.One handmade card costs ₹40 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹40 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹19 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹55 to make and Diya sells it for ₹66. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹30 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. a loss
  3. what buyers will pay
  4. 20
  5. 3
  6. 20
  7. 3
  8. 6
  9. 26
  10. 25
  11. 20
  12. 25
  13. cost + a markup
  14. 4
  15. 100
  16. 7
  17. 17
  18. 10
  19. 50
  20. 7
  21. 10
  22. 66
  23. 54
  24. 4
  25. 72
  26. 10
  27. 10
  28. 100
  29. 22
  30. 11
  31. 66
  32. 38
  33. 50
  34. 10
  35. 60
  36. 44
  37. 19
  38. 20
  39. 6
  40. 33

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