← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 488 · 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 jute bag costs ₹16 to make and Joseph sells it for ₹20. What is the markup in percent?
  2. 2.One paper bookmark costs ₹20 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One clay diya costs ₹28 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹24 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹15 to make and Diya sells it for ₹30. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  9. 9.One painted pebble costs ₹40 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  12. 12.One clay diya costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  14. 14.One glass of chai costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹56 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  19. 19.One paper bookmark costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹15 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹15 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹50 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹52 to make and Ananya sells it for ₹78. What is the markup in percent?
  24. 24.One potted plant costs ₹60 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹28 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  27. 27.One friendship band costs ₹56 to make and Gurpreet sells it for ₹84. What is the markup in percent?
  28. 28.One jute bag costs ₹10 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  30. 30.One bag of popcorn costs ₹52 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹30 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹36 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  34. 34.One fruit cup costs ₹14 to make and Nisha sells it for ₹28. What is the markup in percent?
  35. 35.One potted plant costs ₹35 to make and Kavya sells it for ₹42. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹44 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  37. 37.One friendship band costs ₹16 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹44 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹48 to make and Rohan sells it for ₹96. What is the markup in percent?
  40. 40.One cupcake costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 25
  2. 4
  3. 7
  4. 48
  5. 25
  6. 75
  7. 100
  8. 10
  9. 60
  10. 42
  11. what buyers will pay
  12. 36
  13. a loss
  14. 28
  15. 44
  16. 66
  17. 14
  18. cost + a markup
  19. 11
  20. 3
  21. 30
  22. 25
  23. 50
  24. 30
  25. 42
  26. 10
  27. 50
  28. 10
  29. 10 rupees
  30. 13
  31. 45
  32. 54
  33. 10
  34. 100
  35. 20
  36. 25
  37. 8
  38. 11
  39. 100
  40. 55

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