← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 316 · 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) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  2. 2.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  3. 3.One handmade card costs ₹10 to make and Rohan sells it for ₹15. What is the markup in percent?
  4. 4.One handmade card costs ₹45 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  6. 6.One clay diya costs ₹18 to make and Kavya sells it for ₹36. What is the markup in percent?
  7. 7.One cupcake costs ₹16 to make and Rohan sells it for ₹20. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹52 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹56 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹12 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹35 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹12 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹50 to make and Farhan sells it for ₹75. What is the markup in percent?
  14. 14.One paper bookmark costs ₹60 to make and Kavya sells it for ₹75. What is the markup in percent?
  15. 15.One potted plant costs ₹43 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹10 to make and Diya sells it for ₹15. What is the markup in percent?
  17. 17.One glass of chai costs ₹28 to make and Kabir sells it for ₹56. What is the markup in percent?
  18. 18.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  19. 19.One cupcake costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  20. 20.One paper bookmark costs ₹10 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  23. 23.One paper bookmark costs ₹48 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹36 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹32 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹36 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹60 to make and Zoya sells it for ₹72. What is the markup in percent?
  28. 28.One handmade card costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹38 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹32 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹10 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹34 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹22 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹28 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹28 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹10 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹20 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹30 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹17 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. what buyers will pay
  3. 50
  4. 9
  5. cost + a markup
  6. 100
  7. 25
  8. 26
  9. 14
  10. 18
  11. 7
  12. 3
  13. 50
  14. 25
  15. 86
  16. 50
  17. 100
  18. a loss
  19. 10
  20. 5
  21. 44
  22. 10
  23. 60
  24. 72
  25. 40
  26. 72
  27. 20
  28. 10
  29. 57
  30. 32
  31. 1
  32. 66
  33. 17
  34. 33
  35. 42
  36. 7
  37. 15
  38. 40
  39. 36
  40. 34

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