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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 184 · 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 ₹22 to make and Vihaan sells it for ₹33. What is the markup in percent?
  2. 2.One clay diya costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One jute bag costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  5. 5.One jute bag costs ₹10 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹10 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹25 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  8. 8.One paper bookmark costs ₹58 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  10. 10.One friendship band costs ₹56 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹12 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹36 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  15. 15.One glass of chai costs ₹45 to make and Gurpreet sells it for ₹54. What is the markup in percent?
  16. 16.One paper bookmark costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹28 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹60 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹18 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹16 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹16 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹36 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹40 to make and Dev sells it for ₹80. What is the markup in percent?
  26. 26.One jute bag costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  29. 29.One cup of lemonade costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹60 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹55 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹40 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹20 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹48 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹54 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹57 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹12 to make and Meera sells it for ₹18. What is the markup in percent?

Answer key

  1. 50
  2. 45
  3. 33
  4. what buyers will pay
  5. 12
  6. 12
  7. 20
  8. 87
  9. a loss
  10. 112
  11. 18
  12. 54
  13. 4
  14. 10 rupees
  15. 20
  16. 2
  17. 2
  18. 56
  19. 15
  20. 18
  21. 9
  22. 24
  23. 8
  24. 54
  25. 100
  26. 4
  27. 22
  28. cost + a markup
  29. 55
  30. 75
  31. 11
  32. 11
  33. 55
  34. 30
  35. 80
  36. 5
  37. 72
  38. 27
  39. 114
  40. 50

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