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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 225 · 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 ₹50 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One painted pebble costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  3. 3.One jute bag costs ₹18 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  5. 5.One glass of chai costs ₹36 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  7. 7.One fruit cup costs ₹25 to make and Farhan sells it for ₹30. What is the markup in percent?
  8. 8.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  9. 9.One cup of lemonade costs ₹15 to make and Zoya sells it for ₹30. What is the markup in percent?
  10. 10.One paper bookmark costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  12. 12.One friendship band costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹34 to make and Aarav sells it for ₹68. What is the markup in percent?
  14. 14.One painted pebble costs ₹15 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹56 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?
  18. 18.One paper bookmark costs ₹56 to make and Meera sells it for ₹70. What is the markup in percent?
  19. 19.One paper bookmark costs ₹32 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹55 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹32 to make and Arjun sells it for ₹40. What is the markup in percent?
  23. 23.One jute bag costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹18 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹43 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹15 to make and Arjun sells it for ₹18. What is the markup in percent?
  29. 29.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  30. 30.One painted pebble costs ₹47 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  32. 32.One friendship band costs ₹45 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹14 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹25 to make and Dev sells it for ₹30. What is the markup in percent?
  35. 35.One jute bag costs ₹18 to make and Zoya sells it for ₹36. What is the markup in percent?
  36. 36.One friendship band costs ₹56 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  38. 38.One paper bookmark costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹30 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹32 to make and Meera sells it for ₹40. What is the markup in percent?

Answer key

  1. 60
  2. 10
  3. 36
  4. 10
  5. 45
  6. 10 rupees
  7. 20
  8. cost + a markup
  9. 100
  10. 11
  11. what buyers will pay
  12. 1
  13. 100
  14. 30
  15. 84
  16. 4
  17. 50
  18. 25
  19. 8
  20. 75
  21. 66
  22. 25
  23. 44
  24. 22
  25. 9
  26. 1
  27. 86
  28. 20
  29. a loss
  30. 94
  31. 10
  32. 45
  33. 21
  34. 20
  35. 100
  36. 28
  37. 10
  38. 22
  39. 36
  40. 25

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