← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 552 · 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 friendship band costs ₹60 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One jute bag costs ₹10 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  5. 5.One handmade card costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹20 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹41 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  10. 10.One friendship band costs ₹12 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹60 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹58 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹23 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹20 to make and Saanvi sells it for ₹25. What is the markup in percent?
  18. 18.One glass of chai costs ₹24 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹40 to make and Kabir sells it for ₹48. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  22. 22.One fruit cup costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  24. 24.One glass of chai costs ₹50 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹30 to make and Kabir sells it for ₹45. What is the markup in percent?
  27. 27.One clay diya costs ₹45 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹26 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹55 to make and Ishaan sells it for ₹66. What is the markup in percent?
  30. 30.One fruit cup costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹53 to make and Rohan sells it for ₹106. What is the markup in percent?
  32. 32.One glass of chai costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?
  33. 33.One painted pebble costs ₹38 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹57 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹44 to make and Joseph sells it for ₹66. What is the markup in percent?
  38. 38.One handmade card costs ₹12 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹60 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?

Answer key

  1. 30
  2. 12
  3. a loss
  4. what buyers will pay
  5. 55
  6. 5
  7. 6
  8. 82
  9. cost + a markup
  10. 24
  11. 20
  12. 15
  13. 29
  14. 3
  15. 66
  16. 46
  17. 25
  18. 12
  19. 20
  20. 1
  21. 20
  22. 25
  23. 10 rupees
  24. 10
  25. 44
  26. 50
  27. 9
  28. 39
  29. 20
  30. 1
  31. 100
  32. 10
  33. 76
  34. 57
  35. 66
  36. 1
  37. 50
  38. 3
  39. 15
  40. 10

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