← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 577 · 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 clay diya costs ₹20 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  3. 3.One friendship band costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  4. 4.One cupcake costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  6. 6.One potted plant costs ₹10 to make and Saanvi sells it for ₹12. What is the markup in percent?
  7. 7.One paper bookmark costs ₹23 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹30 to make and Nisha sells it for ₹36. What is the markup in percent?
  11. 11.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  12. 12.One glass of chai costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹20 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  14. 14.One clay diya costs ₹20 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹14 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹10 to make and Farhan sells it for ₹12. What is the markup in percent?
  17. 17.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  18. 18.One handmade card costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹44 to make and Saanvi sells it for ₹55. What is the markup in percent?
  20. 20.One handmade card costs ₹60 to make and Zoya sells it for ₹72. What is the markup in percent?
  21. 21.One friendship band costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹56 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹50 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹40 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹50 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹36 to make and Joseph sells it for ₹45. What is the markup in percent?
  28. 28.One handmade card costs ₹40 to make and Vihaan sells it for ₹50. What is the markup in percent?
  29. 29.One cupcake costs ₹28 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  31. 31.One handmade card costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹22 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹23 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One cupcake costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  36. 36.One bag of popcorn costs ₹10 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹36 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹16 to make and Aarav sells it for ₹24. What is the markup in percent?

Answer key

  1. 30
  2. a loss
  3. 20
  4. 5
  5. 10 rupees
  6. 20
  7. 46
  8. 2
  9. 44
  10. 20
  11. what buyers will pay
  12. 44
  13. 50
  14. 25
  15. 28
  16. 20
  17. cost + a markup
  18. 10
  19. 25
  20. 20
  21. 2
  22. 28
  23. 10
  24. 5
  25. 48
  26. 75
  27. 25
  28. 25
  29. 35
  30. 20
  31. 11
  32. 33
  33. 20
  34. 23
  35. 10
  36. 5
  37. 55
  38. 55
  39. 72
  40. 50

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