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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 20 · 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 jute bag costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  3. 3.One jute bag costs ₹36 to make and Arjun sells it for ₹45. What is the markup in percent?
  4. 4.One friendship band costs ₹55 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹28 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  8. 8.One paper bookmark costs ₹20 to make and Ishaan sells it for ₹25. What is the markup in percent?
  9. 9.One fruit cup costs ₹60 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹56 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  12. 12.One clay diya costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹36 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  15. 15.One cupcake costs ₹43 to make and Vihaan sells it for ₹86. What is the markup in percent?
  16. 16.One painted pebble costs ₹20 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹58 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹20 to make and Arjun sells it for ₹24. What is the markup in percent?
  19. 19.One clay diya costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  20. 20.One paper bookmark costs ₹32 to make and Arjun sells it for ₹40. What is the markup in percent?
  21. 21.One friendship band costs ₹12 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹28 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹60 to make and Diya sells it for ₹75. What is the markup in percent?
  24. 24.One potted plant costs ₹36 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹58 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹20 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹11 to make and Kabir sells it for ₹22. What is the markup in percent?
  29. 29.One potted plant costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹38 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹60 to make and Meera sells it for ₹75. What is the markup in percent?
  32. 32.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  33. 33.One bag of popcorn costs ₹55 to make and Tara sells it for ₹66. What is the markup in percent?
  34. 34.One handmade card costs ₹20 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹40 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹22 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹32 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹12 to make and Dev sells it for ₹15. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹15 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 10 rupees
  3. 25
  4. 110
  5. 6
  6. 35
  7. what buyers will pay
  8. 25
  9. 120
  10. 14
  11. 10
  12. 15
  13. 18
  14. a loss
  15. 100
  16. 40
  17. 58
  18. 20
  19. 10
  20. 25
  21. 24
  22. 42
  23. 25
  24. 9
  25. 116
  26. 72
  27. 20
  28. 100
  29. 11
  30. 57
  31. 25
  32. cost + a markup
  33. 20
  34. 5
  35. 10
  36. 22
  37. 8
  38. 50
  39. 25
  40. 18

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