← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 47 · 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.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  3. 3.One clay diya costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹60 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One painted pebble costs ₹12 to make and Meera sells it for ₹15. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  7. 7.One painted pebble costs ₹56 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One painted pebble costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  9. 9.One handmade card costs ₹13 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹19 to make and Nisha sells it for ₹38. What is the markup in percent?
  12. 12.One fruit cup costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹20 to make and Joseph sells it for ₹30. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹55 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹30 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  20. 20.One handmade card costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹25 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  24. 24.One clay diya costs ₹24 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹45 to make and Farhan sells it for ₹54. What is the markup in percent?
  26. 26.One clay diya costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  27. 27.One potted plant costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹48 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹10 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹55 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹30 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹25 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹50 to make and Meera sells it for ₹100. What is the markup in percent?
  36. 36.One jute bag costs ₹57 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹50 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹54 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹58 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 10 rupees
  3. 3
  4. 75
  5. 25
  6. a loss
  7. 14
  8. 10
  9. 13
  10. 30
  11. 100
  12. 5
  13. 50
  14. 55
  15. 3
  16. 12
  17. 11
  18. 15
  19. what buyers will pay
  20. 5
  21. 5
  22. 50
  23. 20
  24. 12
  25. 20
  26. 25
  27. 10
  28. 12
  29. 60
  30. 15
  31. 11
  32. 6
  33. 30
  34. 65
  35. 100
  36. 114
  37. 25
  38. 27
  39. 29
  40. 3

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