← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 905 · 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 painted pebble costs ₹32 to make and Nisha sells it for ₹48. What is the markup in percent?
  2. 2.One painted pebble costs ₹52 to make and Farhan sells it for ₹78. What is the markup in percent?
  3. 3.One friendship band costs ₹50 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One fruit cup costs ₹58 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹25 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  7. 7.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  8. 8.One clay diya costs ₹18 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹55 to make and Joseph sells it for ₹66. What is the markup in percent?
  10. 10.One cupcake costs ₹50 to make and Nisha sells it for ₹75. What is the markup in percent?
  11. 11.One glass of chai costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹36 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹22 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹34 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹28 to make and Kabir sells it for ₹35. What is the markup in percent?
  19. 19.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  20. 20.One handmade card costs ₹20 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹24 to make and Vihaan sells it for ₹30. What is the markup in percent?
  22. 22.One clay diya costs ₹53 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹20 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹22 to make and Arjun sells it for ₹33. What is the markup in percent?
  26. 26.One paper bookmark costs ₹20 to make and Zoya sells it for ₹25. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹55 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹16 to make and Aarav sells it for ₹20. What is the markup in percent?
  29. 29.One handmade card costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  30. 30.One fruit cup costs ₹40 to make and Aarav sells it for ₹48. What is the markup in percent?
  31. 31.One glass of chai costs ₹58 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  32. 32.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  33. 33.One friendship band costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹40 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹30 to make and Vihaan sells it for ₹45. What is the markup in percent?
  37. 37.One paper bookmark costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹44 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 50
  2. 50
  3. 25
  4. 116
  5. 50
  6. 10 rupees
  7. a loss
  8. 18
  9. 20
  10. 50
  11. 2
  12. 15
  13. 55
  14. 45
  15. 24
  16. 11
  17. 68
  18. 25
  19. what buyers will pay
  20. 24
  21. 25
  22. 106
  23. 20
  24. 4
  25. 50
  26. 25
  27. 11
  28. 25
  29. 10
  30. 20
  31. 87
  32. cost + a markup
  33. 55
  34. 20
  35. 10
  36. 50
  37. 20
  38. 3
  39. 22
  40. 60

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