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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 23 · 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 ₹60 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  3. 3.One potted plant costs ₹33 to make and Nisha sells it for ₹66. What is the markup in percent?
  4. 4.One fruit cup costs ₹15 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One cupcake costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  6. 6.One fruit cup costs ₹26 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹40 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹30 to make and Rohan sells it for ₹36. What is the markup in percent?
  9. 9.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  10. 10.One cup of lemonade costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  11. 11.One cupcake costs ₹60 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  13. 13.One glass of chai costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹20 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  17. 17.One cupcake costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  20. 20.One friendship band costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹54 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹48 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹16 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹49 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹42 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹48 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹44 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  32. 32.One cupcake costs ₹22 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹20 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹32 to make and Nisha sells it for ₹48. What is the markup in percent?
  35. 35.One handmade card costs ₹35 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹56 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹35 to make and Riya sells it for ₹42. What is the markup in percent?
  38. 38.One fruit cup costs ₹45 to make and Joseph sells it for ₹54. What is the markup in percent?
  39. 39.One fruit cup costs ₹31 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹60 to make and Dev sells it for ₹75. What is the markup in percent?

Answer key

  1. 30
  2. a loss
  3. 100
  4. 3
  5. 20
  6. 39
  7. 8
  8. 20
  9. cost + a markup
  10. 10
  11. 72
  12. what buyers will pay
  13. 14
  14. 4
  15. 25
  16. 10
  17. 1
  18. 6
  19. 10 rupees
  20. 66
  21. 25
  22. 27
  23. 96
  24. 32
  25. 98
  26. 42
  27. 3
  28. 72
  29. 44
  30. 12
  31. 10
  32. 44
  33. 24
  34. 50
  35. 42
  36. 14
  37. 20
  38. 20
  39. 31
  40. 25

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