← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 702 · 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 potted plant costs ₹36 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  3. 3.One handmade card costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹38 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  6. 6.One cupcake costs ₹54 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹35 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹44 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹60 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  11. 11.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  12. 12.One fruit cup costs ₹26 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹35 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  15. 15.One clay diya costs ₹16 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹24 to make and Rohan sells it for ₹30. What is the markup in percent?
  17. 17.One potted plant costs ₹55 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹34 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹13 to make and Dev sells it for ₹26. What is the markup in percent?
  21. 21.One cupcake costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  22. 22.One potted plant costs ₹20 to make and Ishaan sells it for ₹25. What is the markup in percent?
  23. 23.One clay diya costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  24. 24.One glass of chai costs ₹40 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  26. 26.One cupcake costs ₹22 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  29. 29.One jute bag costs ₹12 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  32. 32.One friendship band costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹48 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹21 to make and Kabir sells it for ₹42. What is the markup in percent?
  36. 36.One glass of chai costs ₹60 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹51 to make and Ishaan sells it for ₹102. What is the markup in percent?
  38. 38.One clay diya costs ₹24 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹56 to make and Meera sells it for ₹84. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹18 to make and Nisha sells it for ₹36. What is the markup in percent?

Answer key

  1. 36
  2. cost + a markup
  3. 2
  4. 19
  5. 10
  6. 81
  7. 7
  8. 55
  9. 60
  10. what buyers will pay
  11. a loss
  12. 39
  13. 70
  14. 10
  15. 8
  16. 25
  17. 66
  18. 10
  19. 51
  20. 100
  21. 20
  22. 25
  23. 10
  24. 60
  25. 20
  26. 22
  27. 1
  28. 10
  29. 3
  30. 20
  31. 10 rupees
  32. 11
  33. 60
  34. 72
  35. 100
  36. 12
  37. 100
  38. 6
  39. 50
  40. 100

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