← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 323 · 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 glass of chai costs ₹52 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One paper bookmark costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  5. 5.One jute bag costs ₹20 to make and Ananya sells it for ₹25. What is the markup in percent?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  7. 7.One clay diya costs ₹56 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  9. 9.One painted pebble costs ₹36 to make and Riya sells it for ₹54. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  12. 12.One jute bag costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?
  13. 13.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  14. 14.One cupcake costs ₹25 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹17 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹55 to make and Ishaan sells it for ₹66. What is the markup in percent?
  17. 17.One glass of chai costs ₹53 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹26 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹32 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹45 to make and Kavya sells it for ₹54. What is the markup in percent?
  24. 24.One handmade card costs ₹10 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹60 to make and Diya sells it for ₹72. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹60 to make and Ishaan sells it for ₹75. What is the markup in percent?
  27. 27.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  28. 28.One friendship band costs ₹12 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹44 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹29 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹13 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹60 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹42 to make and Ishaan sells it for ₹63. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹52 to make and Tara sells it for ₹65. What is the markup in percent?
  36. 36.One handmade card costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹42 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹24 to make and Kabir sells it for ₹30. What is the markup in percent?
  39. 39.One paper bookmark costs ₹18 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹36 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 13
  2. 20
  3. 36
  4. 20
  5. 25
  6. 10 rupees
  7. 84
  8. 10
  9. 50
  10. 10
  11. cost + a markup
  12. 10
  13. what buyers will pay
  14. 30
  15. 17
  16. 20
  17. 53
  18. 26
  19. 40
  20. 66
  21. 22
  22. 6
  23. 20
  24. 2
  25. 20
  26. 25
  27. a loss
  28. 6
  29. 44
  30. 29
  31. 13
  32. 15
  33. 66
  34. 50
  35. 25
  36. 11
  37. 21
  38. 25
  39. 27
  40. 45

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