← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 338 · 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 ₹40 to make and Aarav sells it for ₹60. What is the markup in percent?
  2. 2.One glass of chai costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  4. 4.One painted pebble costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹58 to make and Vihaan sells it for ₹87. What is the markup in percent?
  6. 6.One paper bookmark costs ₹45 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹60 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹50 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹20 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹45 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹44 to make and Saanvi sells it for ₹88. What is the markup in percent?
  12. 12.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  13. 13.One potted plant costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  15. 15.One glass of chai costs ₹10 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  17. 17.One jute bag costs ₹38 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹23 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹52 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹15 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹24 to make and Saanvi sells it for ₹30. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹48 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹38 to make and Lakshmi sells it for ₹57. What is the markup in percent?
  26. 26.One clay diya costs ₹52 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹42 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹55 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹40 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹22 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹48 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹24 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹50 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹34 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹28 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  39. 39.One clay diya costs ₹50 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹60 to make and Diya sells it for ₹75. What is the markup in percent?

Answer key

  1. 50
  2. 1
  3. a loss
  4. 6
  5. 50
  6. 9
  7. 75
  8. 10
  9. 20
  10. 9
  11. 100
  12. cost + a markup
  13. 4
  14. what buyers will pay
  15. 10
  16. 20
  17. 57
  18. 46
  19. 22
  20. 52
  21. 3
  22. 25
  23. 24
  24. 12
  25. 50
  26. 52
  27. 42
  28. 11
  29. 20
  30. 30
  31. 50
  32. 22
  33. 72
  34. 48
  35. 10
  36. 10
  37. 17
  38. 50
  39. 60
  40. 25

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