← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 714 · 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 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  2. 2.One glass of chai costs ₹20 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One fruit cup costs ₹32 to make and Farhan sells it for ₹40. What is the markup in percent?
  4. 4.One painted pebble costs ₹37 to make and Arjun sells it for ₹74. What is the markup in percent?
  5. 5.One jute bag costs ₹15 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  7. 7.One clay diya costs ₹20 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs ₹58 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One jute bag costs ₹10 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  10. 10.One paper bookmark costs ₹44 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹54 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹15 to make and Joseph sells it for ₹30. What is the markup in percent?
  15. 15.One paper bookmark costs ₹50 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  18. 18.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  19. 19.One cup of lemonade costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  20. 20.One potted plant costs ₹36 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹10 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹32 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹16 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹50 to make and Dev sells it for ₹60. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹32 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One jute bag costs ₹48 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹14 to make and Ishaan sells it for ₹28. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹48 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹52 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹45 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹26 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One cupcake costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹44 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹54 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹48 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹40 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹24 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. 40
  3. 25
  4. 100
  5. 15
  6. cost + a markup
  7. 10
  8. 87
  9. 50
  10. 66
  11. 81
  12. 72
  13. 55
  14. 100
  15. 60
  16. 2
  17. a loss
  18. what buyers will pay
  19. 10
  20. 45
  21. 20
  22. 40
  23. 6
  24. 24
  25. 20
  26. 6
  27. 16
  28. 60
  29. 6
  30. 100
  31. 24
  32. 26
  33. 54
  34. 26
  35. 55
  36. 11
  37. 81
  38. 12
  39. 10
  40. 48

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