← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 629 · 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) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  2. 2.One painted pebble costs ₹48 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  4. 4.One handmade card costs ₹31 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹14 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹54 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹25 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  9. 9.One potted plant costs ₹35 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹12 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹15 to make and Saanvi sells it for ₹18. What is the markup in percent?
  13. 13.One handmade card costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  14. 14.One handmade card costs ₹42 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One fruit cup costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹52 to make and Arjun sells it for ₹78. What is the markup in percent?
  17. 17.One jute bag costs ₹30 to make and Ananya sells it for ₹36. What is the markup in percent?
  18. 18.One clay diya costs ₹32 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹33 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  21. 21.One paper bookmark costs ₹51 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One friendship band costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  24. 24.One jute bag costs ₹29 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  26. 26.One cupcake costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹33 to make and Rohan sells it for ₹66. What is the markup in percent?
  28. 28.One jute bag costs ₹44 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  30. 30.One cup of lemonade costs ₹16 to make and Tara sells it for ₹24. What is the markup in percent?
  31. 31.One cupcake costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹45 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  34. 34.One clay diya costs ₹35 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One clay diya costs ₹13 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹44 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹60 to make and Nisha sells it for ₹75. What is the markup in percent?
  38. 38.One jute bag costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹16 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 12
  3. a loss
  4. 31
  5. 7
  6. 27
  7. 30
  8. 10
  9. 7
  10. 22
  11. 3
  12. 20
  13. 10
  14. 63
  15. 7
  16. 50
  17. 20
  18. 8
  19. 66
  20. 10
  21. 102
  22. 28
  23. 20
  24. 29
  25. 10
  26. 10
  27. 100
  28. 22
  29. what buyers will pay
  30. 50
  31. 44
  32. 9
  33. 10
  34. 7
  35. 13
  36. 55
  37. 25
  38. 55
  39. 11
  40. 20

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