← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 817 · 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) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  2. 2.One cupcake costs ₹20 to make and Joseph sells it for ₹25. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  4. 4.One potted plant costs ₹24 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹50 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹13 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹12 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹40 to make and Ananya sells it for ₹50. What is the markup in percent?
  9. 9.One clay diya costs ₹50 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  11. 11.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  12. 12.One handmade card costs ₹24 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹12 to make and Zoya sells it for ₹15. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  15. 15.One handmade card costs ₹35 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹22 to make and Ananya sells it for ₹33. What is the markup in percent?
  19. 19.One potted plant costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹20 to make and Zoya sells it for ₹24. What is the markup in percent?
  22. 22.One potted plant costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  23. 23.One glass of chai costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  24. 24.One paper bookmark costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹15 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  29. 29.One paper bookmark costs ₹52 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹56 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹26 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  33. 33.One painted pebble costs ₹52 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹50 to make and Joseph sells it for ₹60. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹20 to make and Dev sells it for ₹30. What is the markup in percent?
  36. 36.One potted plant costs ₹45 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹36 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹36 to make and Joseph sells it for ₹45. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹29 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 25
  3. a loss
  4. 12
  5. 75
  6. 26
  7. 15
  8. 25
  9. 10
  10. cost + a markup
  11. what buyers will pay
  12. 30
  13. 25
  14. 10
  15. 42
  16. 11
  17. 50
  18. 50
  19. 4
  20. 6
  21. 20
  22. 10
  23. 10
  24. 33
  25. 15
  26. 2
  27. 24
  28. 10
  29. 13
  30. 70
  31. 39
  32. 20
  33. 26
  34. 20
  35. 50
  36. 54
  37. 9
  38. 25
  39. 29
  40. 6

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