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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 18 · 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 paper bookmark costs ₹59 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  3. 3.One clay diya costs ₹48 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  6. 6.One handmade card costs ₹28 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹20 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹52 to make and Tara sells it for ₹78. What is the markup in percent?
  9. 9.One clay diya costs ₹54 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹30 to make and Zoya sells it for ₹45. What is the markup in percent?
  11. 11.One potted plant costs ₹25 to make and Riya sells it for ₹30. What is the markup in percent?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  13. 13.One potted plant costs ₹30 to make and Nisha sells it for ₹36. What is the markup in percent?
  14. 14.One glass of chai costs ₹24 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹37 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹41 to make and Farhan sells it for ₹82. What is the markup in percent?
  17. 17.One handmade card costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?
  18. 18.One potted plant costs ₹25 to make and Meera sells it for ₹30. What is the markup in percent?
  19. 19.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  20. 20.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  21. 21.One bag of popcorn costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹36 to make and Joseph sells it for ₹54. What is the markup in percent?
  24. 24.One potted plant costs ₹40 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹10 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹32 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹24 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  30. 30.One clay diya costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹35 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹28 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  34. 34.One cupcake costs ₹12 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹16 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹20 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹10 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹25 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹16 to make and Lakshmi sells it for ₹20. What is the markup in percent?

Answer key

  1. 59
  2. a loss
  3. 96
  4. 42
  5. 10
  6. 42
  7. 24
  8. 50
  9. 27
  10. 50
  11. 20
  12. 10 rupees
  13. 20
  14. 12
  15. 74
  16. 100
  17. 10
  18. 20
  19. what buyers will pay
  20. cost + a markup
  21. 48
  22. 35
  23. 50
  24. 10
  25. 2
  26. 12
  27. 48
  28. 30
  29. 10
  30. 3
  31. 70
  32. 35
  33. 10
  34. 24
  35. 8
  36. 22
  37. 2
  38. 12
  39. 5
  40. 25

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