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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 192 · 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 potted plant costs ₹42 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹15 to make and Rohan sells it for ₹18. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  6. 6.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  7. 7.One painted pebble costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One clay diya costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  9. 9.One friendship band costs ₹10 to make and Aarav sells it for ₹15. What is the markup in percent?
  10. 10.One paper bookmark costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹56 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs ₹23 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  14. 14.One handmade card costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹20 to make and Kavya sells it for ₹24. What is the markup in percent?
  17. 17.One handmade card costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹22 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹60 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹58 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹38 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹52 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹12 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One clay diya costs ₹30 to make and Aarav sells it for ₹36. What is the markup in percent?
  28. 28.One jute bag costs ₹46 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  30. 30.One cup of lemonade costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  31. 31.One cupcake costs ₹44 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹35 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹60 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹15 to make and Ishaan sells it for ₹18. What is the markup in percent?
  36. 36.One handmade card costs ₹16 to make and Lakshmi sells it for ₹20. What is the markup in percent?
  37. 37.One fruit cup costs ₹19 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹43 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹10 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹35 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 21
  2. 20
  3. 12
  4. 48
  5. 10 rupees
  6. a loss
  7. 3
  8. 25
  9. 50
  10. 5
  11. 14
  12. 23
  13. cost + a markup
  14. 6
  15. 35
  16. 20
  17. 36
  18. 44
  19. 4
  20. 11
  21. 15
  22. 116
  23. 6
  24. 38
  25. 13
  26. 12
  27. 20
  28. 23
  29. what buyers will pay
  30. 50
  31. 22
  32. 3
  33. 42
  34. 75
  35. 20
  36. 25
  37. 19
  38. 86
  39. 15
  40. 42

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