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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 178 · 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 ₹19 to make and Ishaan sells it for ₹38. What is the markup in percent?
  2. 2.One fruit cup costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  3. 3.One cupcake costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  4. 4.One fruit cup costs ₹50 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  6. 6.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  7. 7.One paper bookmark costs ₹50 to make and Rohan sells it for ₹55. What is the markup in percent?
  8. 8.One clay diya costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹28 to make and Kavya sells it for ₹56. What is the markup in percent?
  10. 10.One handmade card costs ₹30 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  12. 12.One potted plant costs ₹29 to make and Kavya sells it for ₹58. What is the markup in percent?
  13. 13.One glass of chai costs ₹36 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  15. 15.One handmade card costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  17. 17.One painted pebble costs ₹59 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹18 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹26 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  21. 21.One cupcake costs ₹22 to make and Kabir sells it for ₹33. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹24 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹58 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹60 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  26. 26.One friendship band costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  27. 27.One clay diya costs ₹18 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹56 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹24 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  30. 30.One handmade card costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  32. 32.One paper bookmark costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  33. 33.One paper bookmark costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹54 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹48 to make and Saanvi sells it for ₹72. What is the markup in percent?
  36. 36.One clay diya costs ₹42 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹30 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹12 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹12 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹40 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 100
  2. 20
  3. 10
  4. 60
  5. a loss
  6. cost + a markup
  7. 10
  8. 55
  9. 100
  10. 6
  11. 10
  12. 100
  13. 18
  14. 10
  15. 25
  16. 10 rupees
  17. 118
  18. 27
  19. 39
  20. 10
  21. 50
  22. 6
  23. 58
  24. 12
  25. 10
  26. 10
  27. 9
  28. 14
  29. 25
  30. 44
  31. what buyers will pay
  32. 10
  33. 33
  34. 54
  35. 50
  36. 42
  37. 15
  38. 15
  39. 18
  40. 10

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