← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 604 · 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.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  2. 2.One cup of lemonade costs ₹12 to make and Saanvi sells it for ₹18. What is the markup in percent?
  3. 3.One jute bag costs ₹40 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  5. 5.One painted pebble costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹58 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One bag of popcorn costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  8. 8.One clay diya costs ₹20 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs ₹12 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  12. 12.One potted plant costs ₹40 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One potted plant costs ₹50 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹40 to make and Saanvi sells it for ₹80. What is the markup in percent?
  15. 15.One handmade card costs ₹50 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹48 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  18. 18.One painted pebble costs ₹55 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  20. 20.One friendship band costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹35 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One friendship band costs ₹28 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One jute bag costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  25. 25.One friendship band costs ₹10 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹32 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹56 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹10 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹12 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹38 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹16 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹58 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹19 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹10 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹35 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 50
  3. 60
  4. 10
  5. 24
  6. 116
  7. 20
  8. 10
  9. 3
  10. 25
  11. 10 rupees
  12. 4
  13. 75
  14. 100
  15. 100
  16. 12
  17. what buyers will pay
  18. 66
  19. a loss
  20. 22
  21. 70
  22. 35
  23. 2
  24. 10
  25. 12
  26. 40
  27. 28
  28. 12
  29. 6
  30. 15
  31. 38
  32. 20
  33. 6
  34. 6
  35. 35
  36. 29
  37. 19
  38. 12
  39. 4
  40. 70

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