← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 565 · 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 price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  2. 2.One friendship band costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  5. 5.One bag of popcorn costs ₹20 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹28 to make and Aarav sells it for ₹56. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  9. 9.One clay diya costs ₹48 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹10 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹55 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  13. 13.One handmade card costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹46 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹11 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹19 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹40 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹18 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹56 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹40 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹32 to make and Lakshmi sells it for ₹40. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹16 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹48 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹45 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹20 to make and Kabir sells it for ₹24. What is the markup in percent?
  27. 27.One glass of chai costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹28 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹36 to make and Joseph sells it for ₹54. What is the markup in percent?
  30. 30.One friendship band costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹53 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹25 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  34. 34.One painted pebble costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  36. 36.One handmade card costs ₹18 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹10 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹60 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹60 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 55
  3. what buyers will pay
  4. 10 rupees
  5. 5
  6. 100
  7. 44
  8. cost + a markup
  9. 60
  10. 5
  11. 66
  12. 10
  13. 11
  14. 69
  15. 11
  16. 38
  17. 4
  18. 35
  19. 36
  20. 14
  21. 8
  22. 25
  23. 4
  24. 48
  25. 9
  26. 20
  27. 66
  28. 14
  29. 50
  30. 1
  31. 22
  32. 106
  33. 20
  34. 2
  35. 10
  36. 27
  37. 2
  38. 6
  39. 66
  40. 60

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