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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 135 · 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 handmade card costs ₹22 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹32 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  4. 4.One paper bookmark costs ₹11 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One fruit cup costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹24 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  8. 8.One fruit cup costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹34 to make and Arjun sells it for ₹51. What is the markup in percent?
  10. 10.One painted pebble costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹58 to make and Farhan sells it for ₹87. What is the markup in percent?
  12. 12.One handmade card costs ₹20 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One painted pebble costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  15. 15.One jute bag costs ₹55 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹14 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹48 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹20 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹12 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  21. 21.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  22. 22.One potted plant costs ₹10 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹50 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹24 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  27. 27.One bag of popcorn costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹60 to make and Arjun sells it for ₹66. What is the markup in percent?
  29. 29.One paper bookmark costs ₹45 to make and Gurpreet sells it for ₹54. What is the markup in percent?
  30. 30.One paper bookmark costs ₹40 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  31. 31.One painted pebble costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹32 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹52 to make and Aarav sells it for ₹65. What is the markup in percent?
  34. 34.One jute bag costs ₹58 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹15 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  38. 38.One glass of chai costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹14 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 11
  2. 40
  3. 10 rupees
  4. 11
  5. 30
  6. 36
  7. cost + a markup
  8. 4
  9. 50
  10. 4
  11. 50
  12. 40
  13. 3
  14. 10
  15. 11
  16. 28
  17. 72
  18. 10
  19. 15
  20. 25
  21. what buyers will pay
  22. 15
  23. 11
  24. 60
  25. 6
  26. a loss
  27. 54
  28. 10
  29. 20
  30. 20
  31. 66
  32. 40
  33. 25
  34. 87
  35. 18
  36. 11
  37. 20
  38. 12
  39. 66
  40. 21

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