← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 644 · 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.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  2. 2.One bag of popcorn costs ₹25 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹45 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹60 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹18 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹10 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  8. 8.One potted plant costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  10. 10.One paper bookmark costs ₹36 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹28 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹36 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  14. 14.One potted plant costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  15. 15.One handmade card costs ₹45 to make and Arjun sells it for ₹54. What is the markup in percent?
  16. 16.One handmade card costs ₹12 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹22 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  19. 19.One friendship band costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹35 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹45 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹24 to make and Rohan sells it for ₹30. What is the markup in percent?
  23. 23.One jute bag costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  25. 25.One fruit cup costs ₹46 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹16 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹48 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹14 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹55 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹50 to make and Joseph sells it for ₹60. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹20 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹60 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹10 to make and Riya sells it for ₹15. What is the markup in percent?
  35. 35.One friendship band costs ₹18 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹15 to make and Vihaan sells it for ₹18. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹12 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹24 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹28 to make and Farhan sells it for ₹35. What is the markup in percent?
  40. 40.One glass of chai costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 5
  3. 54
  4. 12
  5. 9
  6. 10
  7. cost + a markup
  8. 66
  9. a loss
  10. 72
  11. 56
  12. 54
  13. 10
  14. 10
  15. 20
  16. 24
  17. 22
  18. 10
  19. 10
  20. 7
  21. 54
  22. 25
  23. 4
  24. 10 rupees
  25. 46
  26. 4
  27. 33
  28. 60
  29. 7
  30. 66
  31. 20
  32. 5
  33. 75
  34. 50
  35. 9
  36. 20
  37. 15
  38. 6
  39. 25
  40. 5

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