← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 447 · 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 ₹50 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  3. 3.One glass of chai costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?
  4. 4.One glass of chai costs ₹50 to make and Joseph sells it for ₹60. What is the markup in percent?
  5. 5.One glass of chai costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  6. 6.One glass of chai costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹30 to make and Ishaan sells it for ₹60. What is the markup in percent?
  8. 8.One glass of chai costs ₹10 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  10. 10.One glass of chai costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹16 to make and Dev sells it for ₹20. What is the markup in percent?
  13. 13.One jute bag costs ₹58 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹48 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  17. 17.One clay diya costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹40 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹24 to make and Vihaan sells it for ₹48. What is the markup in percent?
  20. 20.One fruit cup costs ₹57 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  22. 22.One cupcake costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹50 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  27. 27.One cupcake costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹32 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹20 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹12 to make and Meera sells it for ₹18. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹28 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹60 to make and Lakshmi sells it for ₹72. What is the markup in percent?
  34. 34.One potted plant costs ₹48 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹44 to make and Diya sells it for ₹55. What is the markup in percent?
  36. 36.One friendship band costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹46 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹12 to make and Nisha sells it for ₹18. What is the markup in percent?
  40. 40.One painted pebble costs ₹42 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 60
  2. cost + a markup
  3. 10
  4. 20
  5. 20
  6. 72
  7. 100
  8. 5
  9. a loss
  10. 1
  11. 6
  12. 25
  13. 116
  14. 96
  15. 3
  16. 10 rupees
  17. 4
  18. 48
  19. 100
  20. 114
  21. 10
  22. 3
  23. 25
  24. 15
  25. 6
  26. what buyers will pay
  27. 48
  28. 8
  29. 5
  30. 50
  31. 56
  32. 48
  33. 20
  34. 60
  35. 25
  36. 5
  37. 46
  38. 33
  39. 50
  40. 42

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