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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 199 · 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 ₹24 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One clay diya costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One potted plant costs ₹48 to make and Joseph sells it for ₹60. What is the markup in percent?
  5. 5.One paper bookmark costs ₹12 to make and Kabir sells it for ₹15. What is the markup in percent?
  6. 6.One glass of chai costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  7. 7.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  8. 8.One fruit cup costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹50 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹12 to make and Farhan sells it for ₹15. What is the markup in percent?
  13. 13.One friendship band costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?
  14. 14.One glass of chai costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  16. 16.One fruit cup costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  17. 17.One paper bookmark costs ₹48 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  19. 19.One cupcake costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹13 to make and Kavya sells it for ₹26. What is the markup in percent?
  21. 21.One handmade card costs ₹60 to make and Joseph sells it for ₹72. What is the markup in percent?
  22. 22.One friendship band costs ₹15 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹44 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹10 to make and Dev sells it for ₹12. What is the markup in percent?
  26. 26.One paper bookmark costs ₹42 to make and Arjun sells it for ₹63. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹16 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹30 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹36 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  30. 30.One cupcake costs ₹12 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹51 to make and Ishaan sells it for ₹102. What is the markup in percent?
  32. 32.One jute bag costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  34. 34.One bag of popcorn costs ₹28 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  36. 36.One friendship band costs ₹56 to make and Ananya sells it for ₹70. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹46 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹25 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹20 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹32 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 12
  2. 4
  3. 4
  4. 25
  5. 25
  6. 10
  7. cost + a markup
  8. 44
  9. 25
  10. 55
  11. 24
  12. 25
  13. 25
  14. 55
  15. 10 rupees
  16. 10
  17. 72
  18. 20
  19. 55
  20. 100
  21. 20
  22. 15
  23. 11
  24. 88
  25. 20
  26. 50
  27. 24
  28. 60
  29. 50
  30. 3
  31. 100
  32. 44
  33. a loss
  34. 14
  35. what buyers will pay
  36. 25
  37. 92
  38. 30
  39. 24
  40. 32

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