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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 203 · 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 handmade card costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹46 to make and Farhan sells it for ₹69. What is the markup in percent?
  4. 4.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  5. 5.One painted pebble costs ₹25 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹48 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  8. 8.One handmade card costs ₹20 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹40 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹54 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  14. 14.One jute bag costs ₹26 to make and Arjun sells it for ₹52. What is the markup in percent?
  15. 15.One potted plant costs ₹36 to make and Kavya sells it for ₹54. What is the markup in percent?
  16. 16.One handmade card costs ₹26 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹32 to make and Dev sells it for ₹64. What is the markup in percent?
  20. 20.One cupcake costs ₹45 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹44 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹54 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹22 to make and Dev sells it for ₹33. What is the markup in percent?
  24. 24.One glass of chai costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  25. 25.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  26. 26.One cup of lemonade costs ₹24 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One friendship band costs ₹24 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹36 to make and Meera sells it for ₹45. What is the markup in percent?
  30. 30.One painted pebble costs ₹10 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  32. 32.One fruit cup costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹24 to make and Vihaan sells it for ₹30. What is the markup in percent?
  34. 34.One jute bag costs ₹52 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹12 to make and Farhan sells it for ₹18. What is the markup in percent?
  36. 36.One potted plant costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  37. 37.One fruit cup costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  38. 38.One handmade card costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹44 to make and Ananya sells it for ₹55. What is the markup in percent?
  40. 40.One clay diya costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 3
  2. 4
  3. 50
  4. cost + a markup
  5. 30
  6. 96
  7. a loss
  8. 4
  9. 8
  10. 44
  11. 81
  12. 24
  13. 10
  14. 100
  15. 50
  16. 39
  17. 11
  18. 18
  19. 100
  20. 9
  21. 22
  22. 81
  23. 50
  24. 35
  25. what buyers will pay
  26. 12
  27. 48
  28. 10
  29. 25
  30. 12
  31. 10 rupees
  32. 44
  33. 25
  34. 65
  35. 50
  36. 10
  37. 10
  38. 6
  39. 25
  40. 33

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