← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 653 · 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.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  2. 2.One bag of popcorn costs ₹40 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹49 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  6. 6.One painted pebble costs ₹22 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  12. 12.One cupcake costs ₹20 to make and Tara sells it for ₹25. What is the markup in percent?
  13. 13.One cupcake costs ₹36 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹54 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹15 to make and Aarav sells it for ₹18. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹44 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹58 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹30 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹60 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹26 to make and Kabir sells it for ₹39. What is the markup in percent?
  23. 23.One cupcake costs ₹46 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹20 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹22 to make and Diya sells it for ₹33. What is the markup in percent?
  26. 26.One painted pebble costs ₹26 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹35 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  29. 29.One handmade card costs ₹20 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹60 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹28 to make and Saanvi sells it for ₹35. What is the markup in percent?
  32. 32.One friendship band costs ₹24 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹10 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹22 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹52 to make and Zoya sells it for ₹104. What is the markup in percent?
  36. 36.One fruit cup costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹33 to make and Aarav sells it for ₹66. What is the markup in percent?
  38. 38.One clay diya costs ₹50 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹50 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹40 to make and Vihaan sells it for ₹48. What is the markup in percent?

Answer key

  1. a loss
  2. 50
  3. 66
  4. 49
  5. 10 rupees
  6. 11
  7. 36
  8. 3
  9. 28
  10. what buyers will pay
  11. cost + a markup
  12. 25
  13. 9
  14. 66
  15. 27
  16. 20
  17. 55
  18. 87
  19. 3
  20. 90
  21. 3
  22. 50
  23. 23
  24. 10
  25. 50
  26. 13
  27. 7
  28. 10
  29. 5
  30. 120
  31. 25
  32. 12
  33. 10
  34. 22
  35. 100
  36. 24
  37. 100
  38. 10
  39. 75
  40. 20

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