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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 197 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  2. 2.One cupcake costs ₹16 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹34 to make and Diya sells it for ₹51. What is the markup in percent?
  5. 5.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  6. 6.One paper bookmark costs ₹25 to make and Arjun sells it for ₹30. What is the markup in percent?
  7. 7.One painted pebble costs ₹16 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹25 to make and Zoya sells it for ₹30. What is the markup in percent?
  10. 10.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  11. 11.One glass of chai costs ₹52 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹35 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹60 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹54 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?
  21. 21.One fruit cup costs ₹56 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  23. 23.One glass of chai costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹32 to make and Meera sells it for ₹40. What is the markup in percent?
  25. 25.One potted plant costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?
  26. 26.One handmade card costs ₹45 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One friendship band costs ₹22 to make and Arjun sells it for ₹44. What is the markup in percent?
  28. 28.One painted pebble costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹50 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹40 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹20 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹30 to make and Gurpreet sells it for ₹45. What is the markup in percent?
  33. 33.One jute bag costs ₹31 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹25 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹40 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹40 to make and Tara sells it for ₹48. What is the markup in percent?
  40. 40.One painted pebble costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 24
  3. 3
  4. 50
  5. cost + a markup
  6. 20
  7. 20
  8. 55
  9. 20
  10. what buyers will pay
  11. 65
  12. 18
  13. 22
  14. 55
  15. 7
  16. 66
  17. 72
  18. 108
  19. 2
  20. 25
  21. 14
  22. a loss
  23. 11
  24. 25
  25. 10
  26. 9
  27. 100
  28. 11
  29. 10
  30. 60
  31. 24
  32. 50
  33. 31
  34. 5
  35. 50
  36. 22
  37. 4
  38. 3
  39. 20
  40. 4

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