← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 499 · 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 bag of popcorn costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One bag of popcorn costs ₹18 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  5. 5.One clay diya costs ₹52 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹60 to make and Kabir sells it for ₹90. What is the markup in percent?
  7. 7.One paper bookmark costs ₹12 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?
  9. 9.One cupcake costs ₹10 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹56 to make and Dev sells it for ₹70. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs ₹28 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹45 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  16. 16.One bag of popcorn costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹23 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  22. 22.One fruit cup costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹45 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹15 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹28 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  26. 26.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  27. 27.One fruit cup costs ₹49 to make and Dev sells it for ₹98. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹12 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹12 to make and Joseph sells it for ₹15. What is the markup in percent?
  30. 30.One clay diya costs ₹50 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹15 to make and Zoya sells it for ₹18. What is the markup in percent?
  32. 32.One clay diya costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  33. 33.One friendship band costs ₹17 to make and Vihaan sells it for ₹34. What is the markup in percent?
  34. 34.One glass of chai costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  35. 35.One painted pebble costs ₹20 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹24 to make and Ishaan sells it for ₹36. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹52 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹28 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹36 to make and Gurpreet sells it for ₹45. What is the markup in percent?
  40. 40.One fruit cup costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 2
  2. 27
  3. 48
  4. 10
  5. 78
  6. 50
  7. 15
  8. 25
  9. 15
  10. 25
  11. 5
  12. 14
  13. 54
  14. a loss
  15. 10 rupees
  16. 42
  17. 48
  18. 10
  19. 46
  20. 33
  21. what buyers will pay
  22. 12
  23. 54
  24. 30
  25. 35
  26. cost + a markup
  27. 100
  28. 6
  29. 25
  30. 60
  31. 20
  32. 10
  33. 100
  34. 25
  35. 5
  36. 50
  37. 52
  38. 56
  39. 25
  40. 55

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