← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 819 · 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 price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  2. 2.One glass of chai costs ₹55 to make and Kavya sells it for ₹66. What is the markup in percent?
  3. 3.One painted pebble costs ₹30 to make and Zoya sells it for ₹36. What is the markup in percent?
  4. 4.One paper bookmark costs ₹40 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  6. 6.One bag of popcorn costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  8. 8.One handmade card costs ₹20 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹20 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹45 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹26 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹44 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹32 to make and Joseph sells it for ₹64. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹25 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹20 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹47 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹20 to make and Dev sells it for ₹25. What is the markup in percent?
  20. 20.One handmade card costs ₹10 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  22. 22.One bag of popcorn costs ₹16 to make and Kavya sells it for ₹20. What is the markup in percent?
  23. 23.One friendship band costs ₹24 to make and Kabir sells it for ₹30. What is the markup in percent?
  24. 24.One cupcake costs ₹10 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹60 to make and Riya sells it for ₹66. What is the markup in percent?
  26. 26.One fruit cup costs ₹60 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹48 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹30 to make and Nisha sells it for ₹60. What is the markup in percent?
  30. 30.One paper bookmark costs ₹49 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹50 to make and Zoya sells it for ₹75. What is the markup in percent?
  32. 32.One handmade card costs ₹20 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹42 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹60 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹40 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹24 to make and Kavya sells it for ₹48. What is the markup in percent?
  38. 38.One glass of chai costs ₹36 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹46 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹25 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 20
  3. 20
  4. 50
  5. 10 rupees
  6. 3
  7. cost + a markup
  8. 20
  9. 4
  10. 9
  11. 39
  12. 6
  13. 11
  14. 11
  15. 100
  16. 5
  17. 5
  18. 94
  19. 25
  20. 12
  21. what buyers will pay
  22. 25
  23. 25
  24. 12
  25. 10
  26. 30
  27. 55
  28. 60
  29. 100
  30. 98
  31. 50
  32. 24
  33. 3
  34. 21
  35. 72
  36. 48
  37. 100
  38. 9
  39. 69
  40. 30

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