← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 934 · 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 jute bag costs ₹42 to make and Meera sells it for ₹63. What is the markup in percent?
  2. 2.One paper bookmark costs ₹20 to make and Tara sells it for ₹30. What is the markup in percent?
  3. 3.One paper bookmark costs ₹56 to make and Diya sells it for ₹70. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹28 to make and Diya sells it for ₹35. What is the markup in percent?
  5. 5.One jute bag costs ₹44 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  7. 7.One fruit cup costs ₹56 to make and Lakshmi sells it for ₹112. What is the markup in percent?
  8. 8.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  9. 9.One clay diya costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  10. 10.One painted pebble costs ₹32 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹52 to make and Rohan sells it for ₹65. What is the markup in percent?
  12. 12.One friendship band costs ₹35 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  14. 14.One potted plant costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  15. 15.One jute bag costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹40 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹28 to make and Ananya sells it for ₹35. What is the markup in percent?
  18. 18.One fruit cup costs ₹50 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹58 to make and Zoya sells it for ₹87. What is the markup in percent?
  20. 20.One cupcake costs ₹36 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  24. 24.One fruit cup costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹55 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹40 to make and Ananya sells it for ₹48. What is the markup in percent?
  28. 28.One painted pebble costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹34 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹30 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹12 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One potted plant costs ₹35 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹10 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  36. 36.One clay diya costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹52 to make and Ishaan sells it for ₹65. What is the markup in percent?
  38. 38.One friendship band costs ₹49 to make and Meera sells it for ₹98. What is the markup in percent?
  39. 39.One paper bookmark costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 50
  3. 25
  4. 25
  5. 88
  6. 10 rupees
  7. 100
  8. cost + a markup
  9. 10
  10. 16
  11. 25
  12. 7
  13. a loss
  14. 10
  15. 10
  16. 20
  17. 25
  18. 60
  19. 50
  20. 9
  21. 66
  22. 11
  23. what buyers will pay
  24. 22
  25. 66
  26. 20
  27. 20
  28. 22
  29. 17
  30. 36
  31. 3
  32. 7
  33. 4
  34. 5
  35. 10
  36. 66
  37. 25
  38. 100
  39. 4
  40. 4

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