← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 596 · 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 handmade card costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  3. 3.One potted plant costs ₹35 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹18 to make and Tara sells it for ₹27. What is the markup in percent?
  5. 5.One handmade card costs ₹10 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One cup of lemonade costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹20 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  12. 12.One potted plant costs ₹42 to make and Tara sells it for ₹63. What is the markup in percent?
  13. 13.One paper bookmark costs ₹42 to make and Riya sells it for ₹84. What is the markup in percent?
  14. 14.One handmade card costs ₹24 to make and Kabir sells it for ₹30. What is the markup in percent?
  15. 15.One painted pebble costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  17. 17.One clay diya costs ₹40 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  19. 19.One bag of popcorn costs ₹35 to make and Diya sells it for ₹42. What is the markup in percent?
  20. 20.One friendship band costs ₹60 to make and Diya sells it for ₹75. What is the markup in percent?
  21. 21.One friendship band costs ₹12 to make and Farhan sells it for ₹24. What is the markup in percent?
  22. 22.One potted plant costs ₹14 to make and Zoya sells it for ₹28. What is the markup in percent?
  23. 23.One fruit cup costs ₹48 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹45 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹16 to make and Tara sells it for ₹20. What is the markup in percent?
  27. 27.One fruit cup costs ₹56 to make and Lakshmi sells it for ₹70. What is the markup in percent?
  28. 28.One painted pebble costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  29. 29.One paper bookmark costs ₹55 to make and Kabir sells it for ₹66. What is the markup in percent?
  30. 30.One glass of chai costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  31. 31.One clay diya costs ₹54 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹56 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹12 to make and Tara sells it for ₹15. What is the markup in percent?
  35. 35.One potted plant costs ₹34 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  37. 37.One glass of chai costs ₹11 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹42 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹50 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹50 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. a loss
  3. 42
  4. 50
  5. 12
  6. 1
  7. 60
  8. 55
  9. 33
  10. 25
  11. 10 rupees
  12. 50
  13. 100
  14. 25
  15. 33
  16. what buyers will pay
  17. 50
  18. cost + a markup
  19. 20
  20. 25
  21. 100
  22. 100
  23. 60
  24. 4
  25. 54
  26. 25
  27. 25
  28. 10
  29. 20
  30. 10
  31. 81
  32. 3
  33. 14
  34. 25
  35. 17
  36. 10
  37. 22
  38. 21
  39. 60
  40. 50

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