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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 132 · 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) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  2. 2.One handmade card costs ₹20 to make and Meera sells it for ₹30. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  4. 4.One paper bookmark costs ₹44 to make and Ishaan sells it for ₹55. What is the markup in percent?
  5. 5.One jute bag costs ₹26 to make and Tara sells it for ₹39. What is the markup in percent?
  6. 6.One friendship band costs ₹12 to make and Meera sells it for ₹15. What is the markup in percent?
  7. 7.One friendship band costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  10. 10.One paper bookmark costs ₹54 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹40 to make and Diya sells it for ₹80. What is the markup in percent?
  12. 12.One cupcake costs ₹24 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹50 to make and Lakshmi sells it for ₹75. What is the markup in percent?
  15. 15.One handmade card costs ₹56 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹24 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹52 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  19. 19.One handmade card costs ₹31 to make and Ananya sells it for ₹62. What is the markup in percent?
  20. 20.One fruit cup costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹28 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  22. 22.One painted pebble costs ₹56 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹40 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹25 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  28. 28.One cupcake costs ₹52 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹52 to make and Saanvi sells it for ₹65. What is the markup in percent?
  30. 30.One handmade card costs ₹21 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹45 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹32 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹16 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹52 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹15 to make and Nisha sells it for ₹18. What is the markup in percent?
  36. 36.One friendship band costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹15 to make and Riya sells it for ₹18. What is the markup in percent?
  38. 38.One painted pebble costs ₹11 to make and Diya sells it for ₹22. What is the markup in percent?
  39. 39.One glass of chai costs ₹20 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 50
  3. a loss
  4. 25
  5. 50
  6. 25
  7. 4
  8. 33
  9. cost + a markup
  10. 27
  11. 100
  12. 12
  13. 44
  14. 50
  15. 28
  16. 6
  17. 26
  18. what buyers will pay
  19. 100
  20. 5
  21. 50
  22. 14
  23. 4
  24. 4
  25. 40
  26. 5
  27. 10
  28. 65
  29. 25
  30. 42
  31. 9
  32. 48
  33. 20
  34. 52
  35. 20
  36. 2
  37. 20
  38. 100
  39. 25
  40. 50

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