← Pricing with a markup lesson New set →

Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 982 · 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) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  2. 2.One paper bookmark costs ₹48 to make and Joseph sells it for ₹72. What is the markup in percent?
  3. 3.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  4. 4.One cup of lemonade costs ₹60 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  7. 7.One cupcake costs ₹41 to make and Lakshmi sells it for ₹82. What is the markup in percent?
  8. 8.One fruit cup costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One jute bag costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  11. 11.One fruit cup costs ₹37 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹44 to make and Lakshmi sells it for ₹88. What is the markup in percent?
  13. 13.One jute bag costs ₹30 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹50 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  15. 15.One clay diya costs ₹58 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹36 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹36 to make and Kavya sells it for ₹45. What is the markup in percent?
  19. 19.One jute bag costs ₹46 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹37 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  22. 22.One cupcake costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹21 to make and Zoya sells it for ₹42. What is the markup in percent?
  26. 26.One paper bookmark costs ₹56 to make and Tara sells it for ₹70. What is the markup in percent?
  27. 27.One clay diya costs ₹14 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹46 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹46 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹14 to make and Meera sells it for ₹21. What is the markup in percent?
  34. 34.One handmade card costs ₹35 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹60 to make and Lakshmi sells it for ₹75. What is the markup in percent?
  36. 36.One fruit cup costs ₹52 to make and Ishaan sells it for ₹65. What is the markup in percent?
  37. 37.One potted plant costs ₹21 to make and Kabir sells it for ₹42. What is the markup in percent?
  38. 38.One friendship band costs ₹42 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹14 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. 50
  3. what buyers will pay
  4. 75
  5. 7
  6. 25
  7. 100
  8. 55
  9. 66
  10. a loss
  11. 74
  12. 100
  13. 6
  14. 20
  15. 29
  16. 4
  17. 72
  18. 25
  19. 69
  20. 74
  21. cost + a markup
  22. 3
  23. 55
  24. 66
  25. 100
  26. 25
  27. 14
  28. 46
  29. 22
  30. 55
  31. 23
  32. 22
  33. 50
  34. 35
  35. 25
  36. 25
  37. 100
  38. 63
  39. 21
  40. 22

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