← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 353 · 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.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  2. 2.One bag of popcorn costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?
  3. 3.One jute bag costs ₹39 to make and Riya sells it for ₹78. What is the markup in percent?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  5. 5.One paper bookmark costs ₹19 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One clay diya costs ₹12 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹15 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  9. 9.One jute bag costs ₹13 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  11. 11.One cupcake costs ₹50 to make and Vihaan sells it for ₹100. What is the markup in percent?
  12. 12.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  13. 13.One handmade card costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹41 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹56 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹28 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹28 to make and Farhan sells it for ₹35. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹14 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  21. 21.One fruit cup costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹31 to make and Rohan sells it for ₹62. What is the markup in percent?
  23. 23.One fruit cup costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹53 to make and Meera sells it for ₹106. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹22 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹40 to make and Aarav sells it for ₹48. What is the markup in percent?
  27. 27.One cupcake costs ₹46 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹56 to make and Saanvi sells it for ₹70. What is the markup in percent?
  29. 29.One cupcake costs ₹60 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹60 to make and Vihaan sells it for ₹72. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹40 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹46 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹36 to make and Kabir sells it for ₹54. What is the markup in percent?
  35. 35.One handmade card costs ₹15 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹20 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹24 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹48 to make. Tara adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 10
  3. 100
  4. a loss
  5. 38
  6. 18
  7. 3
  8. 10 rupees
  9. 26
  10. 10
  11. 100
  12. cost + a markup
  13. 2
  14. 82
  15. 20
  16. 28
  17. 42
  18. 25
  19. 7
  20. 50
  21. 72
  22. 100
  23. 66
  24. 100
  25. 11
  26. 20
  27. 69
  28. 25
  29. 15
  30. 24
  31. 20
  32. 20
  33. 69
  34. 50
  35. 18
  36. 2
  37. 2
  38. 66
  39. 6
  40. 72

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