← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 747 · 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.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  3. 3.One handmade card costs ₹55 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One fruit cup costs ₹25 to make and Vihaan sells it for ₹30. What is the markup in percent?
  5. 5.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  6. 6.One glass of chai costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  7. 7.One clay diya costs ₹30 to make and Aarav sells it for ₹36. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹50 to make and Kabir sells it for ₹60. What is the markup in percent?
  9. 9.One paper bookmark costs ₹15 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹39 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  13. 13.One cup of lemonade costs ₹27 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹40 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  16. 16.One fruit cup costs ₹54 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹28 to make and Vihaan sells it for ₹56. What is the markup in percent?
  20. 20.One cupcake costs ₹32 to make and Gurpreet sells it for ₹40. What is the markup in percent?
  21. 21.One clay diya costs ₹32 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹48 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹55 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹18 to make and Arjun sells it for ₹36. What is the markup in percent?
  30. 30.One paper bookmark costs ₹22 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹48 to make and Kabir sells it for ₹60. What is the markup in percent?
  34. 34.One paper bookmark costs ₹34 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹40 to make and Vihaan sells it for ₹80. What is the markup in percent?
  36. 36.One friendship band costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹24 to make and Kabir sells it for ₹36. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹45 to make and Saanvi sells it for ₹54. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹28 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 10 rupees
  3. 11
  4. 20
  5. a loss
  6. 10
  7. 20
  8. 20
  9. 30
  10. 2
  11. 78
  12. what buyers will pay
  13. 54
  14. 10
  15. 10
  16. 54
  17. 6
  18. 55
  19. 100
  20. 25
  21. 8
  22. 48
  23. 11
  24. 10
  25. 10
  26. 11
  27. 55
  28. 33
  29. 100
  30. 11
  31. 33
  32. 5
  33. 25
  34. 17
  35. 100
  36. 22
  37. 50
  38. 20
  39. 20
  40. 35

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