← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 790 · 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 cupcake costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  3. 3.One glass of chai costs ₹26 to make and Kabir sells it for ₹39. What is the markup in percent?
  4. 4.One cupcake costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  6. 6.One fruit cup costs ₹56 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹30 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹56 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹20 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹20 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  13. 13.One handmade card costs ₹20 to make and Vihaan sells it for ₹30. What is the markup in percent?
  14. 14.One fruit cup costs ₹17 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹45 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹46 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹34 to make and Tara sells it for ₹51. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹38 to make and Vihaan sells it for ₹57. What is the markup in percent?
  23. 23.One paper bookmark costs ₹20 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹48 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹50 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹55 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹20 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  29. 29.One jute bag costs ₹34 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹10 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹58 to make and Riya sells it for ₹116. What is the markup in percent?
  32. 32.One friendship band costs ₹19 to make and Rohan sells it for ₹38. What is the markup in percent?
  33. 33.One glass of chai costs ₹57 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹20 to make and Ishaan sells it for ₹25. What is the markup in percent?
  35. 35.One cupcake costs ₹36 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  38. 38.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  39. 39.One glass of chai costs ₹32 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹22 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 1
  2. 10 rupees
  3. 50
  4. 10
  5. 10
  6. 70
  7. 6
  8. 60
  9. 14
  10. 10
  11. 25
  12. cost + a markup
  13. 50
  14. 34
  15. 45
  16. 20
  17. 44
  18. 2
  19. 30
  20. 69
  21. 50
  22. 50
  23. 40
  24. 60
  25. 60
  26. 11
  27. 10
  28. a loss
  29. 51
  30. 5
  31. 100
  32. 100
  33. 114
  34. 25
  35. 45
  36. 1
  37. 10
  38. what buyers will pay
  39. 48
  40. 33

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