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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 185 · 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 painted pebble costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  3. 3.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  4. 4.One handmade card costs ₹24 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹30 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹26 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  10. 10.One handmade card costs ₹25 to make and Ananya sells it for ₹30. What is the markup in percent?
  11. 11.One jute bag costs ₹14 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹36 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹36 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One potted plant costs ₹40 to make and Rohan sells it for ₹48. What is the markup in percent?
  15. 15.One clay diya costs ₹16 to make and Farhan sells it for ₹20. What is the markup in percent?
  16. 16.One potted plant costs ₹15 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  18. 18.One fruit cup costs ₹42 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  20. 20.One painted pebble costs ₹36 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹14 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹20 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹48 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  25. 25.One jute bag costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  26. 26.One potted plant costs ₹30 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹36 to make and Tara sells it for ₹54. What is the markup in percent?
  28. 28.One paper bookmark costs ₹45 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹60 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  30. 30.One jute bag costs ₹51 to make and Ananya sells it for ₹102. What is the markup in percent?
  31. 31.One jute bag costs ₹55 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹12 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹20 to make and Farhan sells it for ₹24. What is the markup in percent?
  34. 34.One bag of popcorn costs ₹14 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹14 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹35 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹32 to make and Joseph sells it for ₹48. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹12 to make and Rohan sells it for ₹18. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹14 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹20 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 1
  2. 10 rupees
  3. cost + a markup
  4. 24
  5. 5
  6. 6
  7. 36
  8. 39
  9. what buyers will pay
  10. 20
  11. 7
  12. 9
  13. 45
  14. 20
  15. 25
  16. 15
  17. 10
  18. 63
  19. a loss
  20. 18
  21. 28
  22. 4
  23. 24
  24. 10
  25. 10
  26. 30
  27. 50
  28. 54
  29. 10
  30. 100
  31. 11
  32. 3
  33. 20
  34. 7
  35. 21
  36. 7
  37. 50
  38. 50
  39. 7
  40. 10

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