← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 449 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  2. 2.One fruit cup costs ₹20 to make and Diya sells it for ₹30. What is the markup in percent?
  3. 3.One jute bag costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  4. 4.One handmade card costs ₹54 to make and Kabir sells it for ₹108. What is the markup in percent?
  5. 5.One glass of chai costs ₹28 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  7. 7.One paper bookmark costs ₹50 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One fruit cup costs ₹12 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One fruit cup costs ₹56 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹40 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  12. 12.One friendship band costs ₹46 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹16 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  15. 15.One glass of chai costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹50 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹16 to make and Joseph sells it for ₹20. What is the markup in percent?
  18. 18.One painted pebble costs ₹18 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One bag of popcorn costs ₹18 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  21. 21.One fruit cup costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  22. 22.One painted pebble costs ₹10 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹35 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹56 to make and Kavya sells it for ₹112. What is the markup in percent?
  25. 25.One potted plant costs ₹11 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹60 to make and Zoya sells it for ₹75. What is the markup in percent?
  27. 27.One paper bookmark costs ₹43 to make and Saanvi sells it for ₹86. What is the markup in percent?
  28. 28.One clay diya costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹45 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹55 to make and Aarav sells it for ₹66. What is the markup in percent?
  31. 31.One glass of chai costs ₹20 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹14 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  34. 34.One glass of chai costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  35. 35.One handmade card costs ₹23 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹32 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹10 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹25 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. 50
  3. 10
  4. 100
  5. 7
  6. 10
  7. 5
  8. 12
  9. 14
  10. 8
  11. a loss
  12. 23
  13. 20
  14. what buyers will pay
  15. 3
  16. 60
  17. 25
  18. 9
  19. 27
  20. cost + a markup
  21. 25
  22. 10
  23. 7
  24. 100
  25. 22
  26. 25
  27. 100
  28. 12
  29. 90
  30. 20
  31. 5
  32. 7
  33. 10
  34. 10
  35. 46
  36. 64
  37. 2
  38. 2
  39. 30
  40. 33

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