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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 175 · 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 ₹26 to make and Farhan sells it for ₹39. What is the markup in percent?
  2. 2.One bag of popcorn costs ₹20 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹16 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹20 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹52 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹45 to make and Diya sells it for ₹54. What is the markup in percent?
  10. 10.One cupcake costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  11. 11.One cupcake costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹26 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹50 to make and Meera sells it for ₹75. What is the markup in percent?
  14. 14.One friendship band costs ₹23 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  16. 16.One glass of chai costs ₹48 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹25 to make and Kavya sells it for ₹30. What is the markup in percent?
  18. 18.One potted plant costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  20. 20.One glass of chai costs ₹50 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹10 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹52 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹34 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  26. 26.One bag of popcorn costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹24 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  30. 30.One glass of chai costs ₹34 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  33. 33.One jute bag costs ₹22 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹52 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹50 to make and Kabir sells it for ₹75. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹40 to make and Saanvi sells it for ₹50. What is the markup in percent?
  38. 38.One clay diya costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹36 to make and Kabir sells it for ₹72. What is the markup in percent?
  40. 40.One jute bag costs ₹28 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 4
  3. 3
  4. 20
  5. 20
  6. 78
  7. 11
  8. 36
  9. 20
  10. 25
  11. 60
  12. 39
  13. 50
  14. 46
  15. 10 rupees
  16. 12
  17. 20
  18. 11
  19. cost + a markup
  20. 10
  21. 2
  22. 2
  23. 13
  24. 51
  25. what buyers will pay
  26. 33
  27. 6
  28. 4
  29. a loss
  30. 51
  31. 48
  32. 20
  33. 33
  34. 65
  35. 44
  36. 50
  37. 25
  38. 3
  39. 100
  40. 7

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