← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 348 · 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 cup of lemonade costs ₹48 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  3. 3.One painted pebble costs ₹42 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One fruit cup costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  5. 5.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  6. 6.One cupcake costs ₹21 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹56 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹45 to make and Tara sells it for ₹90. What is the markup in percent?
  9. 9.One friendship band costs ₹24 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹45 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹36 to make and Kabir sells it for ₹54. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹24 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  14. 14.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  15. 15.One friendship band costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹58 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  20. 20.One handmade card costs ₹34 to make and Rohan sells it for ₹51. What is the markup in percent?
  21. 21.One jute bag costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹48 to make and Riya sells it for ₹60. What is the markup in percent?
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  24. 24.One clay diya costs ₹35 to make and Tara sells it for ₹42. What is the markup in percent?
  25. 25.One cupcake costs ₹45 to make and Meera sells it for ₹54. What is the markup in percent?
  26. 26.One glass of chai costs ₹40 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹34 to make and Nisha sells it for ₹51. What is the markup in percent?
  28. 28.One potted plant costs ₹20 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹50 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹25 to make and Aarav sells it for ₹30. What is the markup in percent?
  33. 33.One painted pebble costs ₹45 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹36 to make and Aarav sells it for ₹45. What is the markup in percent?
  35. 35.One painted pebble costs ₹15 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹60 to make and Nisha sells it for ₹72. What is the markup in percent?
  37. 37.One paper bookmark costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹26 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹12 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹60 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 12
  2. 10
  3. 21
  4. 25
  5. what buyers will pay
  6. 42
  7. 70
  8. 100
  9. 6
  10. 9
  11. 50
  12. 12
  13. 10
  14. cost + a markup
  15. 10
  16. 4
  17. 58
  18. 3
  19. a loss
  20. 50
  21. 55
  22. 25
  23. 10 rupees
  24. 20
  25. 20
  26. 48
  27. 50
  28. 40
  29. 22
  30. 60
  31. 5
  32. 20
  33. 54
  34. 25
  35. 3
  36. 20
  37. 40
  38. 13
  39. 3
  40. 15

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