← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 310 · 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 jute bag costs ₹51 to make and Tara sells it for ₹102. What is the markup in percent?
  2. 2.One handmade card costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  4. 4.One painted pebble costs ₹38 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  6. 6.One clay diya costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  8. 8.One handmade card costs ₹50 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹59 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹30 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  12. 12.One jute bag costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹20 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  15. 15.One fruit cup costs ₹40 to make and Rohan sells it for ₹48. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹30 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹24 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹40 to make and Arjun sells it for ₹48. What is the markup in percent?
  19. 19.One glass of chai costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹44 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹25 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹25 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One jute bag costs ₹25 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹36 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹58 to make and Diya sells it for ₹116. What is the markup in percent?
  26. 26.One paper bookmark costs ₹52 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  27. 27.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  28. 28.One glass of chai costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  29. 29.One jute bag costs ₹29 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹50 to make and Aarav sells it for ₹75. What is the markup in percent?
  31. 31.One potted plant costs ₹20 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹30 to make and Arjun sells it for ₹60. What is the markup in percent?
  33. 33.One glass of chai costs ₹14 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹31 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹29 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  37. 37.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  38. 38.One friendship band costs ₹51 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹35 to make and Zoya sells it for ₹42. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹56 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 100
  2. 3
  3. what buyers will pay
  4. 57
  5. 20
  6. 33
  7. 10
  8. 50
  9. 118
  10. 60
  11. 10 rupees
  12. 3
  13. 30
  14. 10
  15. 20
  16. 36
  17. 24
  18. 20
  19. 10
  20. 55
  21. 30
  22. 50
  23. 5
  24. 54
  25. 100
  26. 104
  27. cost + a markup
  28. 10
  29. 58
  30. 50
  31. 4
  32. 100
  33. 28
  34. 31
  35. 3
  36. 58
  37. a loss
  38. 102
  39. 20
  40. 84

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