← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 687 · 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 friendship band costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  3. 3.One handmade card costs ₹12 to make and Kavya sells it for ₹24. What is the markup in percent?
  4. 4.One friendship band costs ₹24 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹30 to make and Aarav sells it for ₹45. What is the markup in percent?
  6. 6.One paper bookmark costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹25 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One painted pebble costs ₹34 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹44 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹42 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  12. 12.One clay diya costs ₹10 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹10 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  14. 14.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  15. 15.One cup of lemonade costs ₹22 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹48 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  18. 18.One glass of chai costs ₹60 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹20 to make and Dev sells it for ₹30. What is the markup in percent?
  20. 20.One cupcake costs ₹33 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  22. 22.One painted pebble costs ₹46 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹60 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹10 to make and Nisha sells it for ₹12. What is the markup in percent?
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  26. 26.One friendship band costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹20 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹13 to make and Rohan sells it for ₹26. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹10 to make and Dev sells it for ₹12. What is the markup in percent?
  34. 34.One paper bookmark costs ₹34 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹10 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹40 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹38 to make and Gurpreet sells it for ₹76. What is the markup in percent?
  38. 38.One jute bag costs ₹14 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹45 to make and Rohan sells it for ₹54. What is the markup in percent?
  40. 40.One fruit cup costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 72
  2. a loss
  3. 100
  4. 30
  5. 50
  6. 3
  7. 25
  8. 34
  9. 66
  10. 21
  11. 10
  12. 20
  13. 12
  14. cost + a markup
  15. 33
  16. 72
  17. 10
  18. 15
  19. 50
  20. 33
  21. what buyers will pay
  22. 23
  23. 30
  24. 20
  25. 10 rupees
  26. 22
  27. 25
  28. 2
  29. 11
  30. 100
  31. 30
  32. 22
  33. 20
  34. 34
  35. 2
  36. 48
  37. 100
  38. 7
  39. 20
  40. 9

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