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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 110 · 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 clay diya costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  2. 2.One bag of popcorn costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  3. 3.One handmade card costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹44 to make and Zoya sells it for ₹66. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹16 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹56 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs ₹10 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹60 to make and Meera sells it for ₹90. What is the markup in percent?
  9. 9.One handmade card costs ₹20 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  11. 11.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  12. 12.One cupcake costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One painted pebble costs ₹10 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹12 to make and Dev sells it for ₹18. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  17. 17.One paper bookmark costs ₹24 to make and Rohan sells it for ₹36. What is the markup in percent?
  18. 18.One cupcake costs ₹60 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  20. 20.One potted plant costs ₹40 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹12 to make and Vihaan sells it for ₹18. What is the markup in percent?
  23. 23.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  24. 24.One cup of lemonade costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹27 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹13 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹32 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹32 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹52 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹40 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  35. 35.One jute bag costs ₹51 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  37. 37.One fruit cup costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹12 to make and Kabir sells it for ₹15. What is the markup in percent?
  39. 39.One fruit cup costs ₹48 to make and Aarav sells it for ₹60. What is the markup in percent?
  40. 40.One friendship band costs ₹60 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 20
  3. 11
  4. 50
  5. 20
  6. 28
  7. 15
  8. 50
  9. 20
  10. cost + a markup
  11. a loss
  12. 55
  13. 5
  14. 50
  15. 44
  16. 10 rupees
  17. 50
  18. 60
  19. 10
  20. 40
  21. 1
  22. 50
  23. what buyers will pay
  24. 10
  25. 55
  26. 54
  27. 26
  28. 8
  29. 32
  30. 3
  31. 11
  32. 13
  33. 80
  34. 10
  35. 51
  36. 25
  37. 10
  38. 25
  39. 25
  40. 15

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