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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 189 · 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 ₹60 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  2. 2.One friendship band costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  4. 4.One jute bag costs ₹57 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  7. 7.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  8. 8.One potted plant costs ₹52 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹20 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  11. 11.One friendship band costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹50 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹20 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?
  15. 15.One fruit cup costs ₹25 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹58 to make and Ishaan sells it for ₹87. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹32 to make and Ishaan sells it for ₹40. What is the markup in percent?
  18. 18.One potted plant costs ₹16 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹35 to make and Kavya sells it for ₹42. What is the markup in percent?
  20. 20.One painted pebble costs ₹30 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One cupcake costs ₹53 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹30 to make and Saanvi sells it for ₹36. What is the markup in percent?
  23. 23.One handmade card costs ₹51 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹26 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹31 to make and Arjun sells it for ₹62. What is the markup in percent?
  26. 26.One glass of chai costs ₹12 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹13 to make. Kabir adds a 100% 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 ₹60 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹55 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  37. 37.One glass of chai costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹36 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹32 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹46 to make and Zoya sells it for ₹69. What is the markup in percent?

Answer key

  1. 20
  2. 33
  3. 10
  4. 57
  5. a loss
  6. 10 rupees
  7. what buyers will pay
  8. 26
  9. 5
  10. 20
  11. 2
  12. 10
  13. 25
  14. 10
  15. 30
  16. 50
  17. 25
  18. 32
  19. 20
  20. 6
  21. 53
  22. 20
  23. 102
  24. 39
  25. 100
  26. 3
  27. 26
  28. cost + a markup
  29. 90
  30. 33
  31. 10
  32. 55
  33. 2
  34. 4
  35. 11
  36. 10
  37. 60
  38. 36
  39. 8
  40. 50

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