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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 231 · 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 ₹11 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  3. 3.One painted pebble costs ₹27 to make and Dev sells it for ₹54. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  5. 5.One potted plant costs ₹18 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹34 to make and Aarav sells it for ₹51. What is the markup in percent?
  7. 7.One clay diya costs ₹44 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹60 to make and Riya sells it for ₹75. What is the markup in percent?
  10. 10.One handmade card costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹37 to make and Zoya sells it for ₹74. What is the markup in percent?
  12. 12.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  13. 13.One jute bag costs ₹34 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹13 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One bag of popcorn costs ₹30 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹18 to make and Farhan sells it for ₹27. What is the markup in percent?
  18. 18.One friendship band costs ₹60 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹44 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹20 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹21 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹35 to make and Diya sells it for ₹70. What is the markup in percent?
  23. 23.One friendship band costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  27. 27.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  28. 28.One potted plant costs ₹48 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹16 to make and Kabir sells it for ₹24. What is the markup in percent?
  32. 32.One paper bookmark costs ₹40 to make and Rohan sells it for ₹80. What is the markup in percent?
  33. 33.One paper bookmark costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  34. 34.One jute bag costs ₹40 to make and Meera sells it for ₹48. What is the markup in percent?
  35. 35.One jute bag costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?
  36. 36.One handmade card costs ₹21 to make and Meera sells it for ₹42. What is the markup in percent?
  37. 37.One jute bag costs ₹12 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹59 to make and Arjun sells it for ₹118. What is the markup in percent?
  39. 39.One cupcake costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?

Answer key

  1. 11
  2. 10 rupees
  3. 100
  4. what buyers will pay
  5. 36
  6. 50
  7. 22
  8. 11
  9. 25
  10. 65
  11. 100
  12. cost + a markup
  13. 17
  14. 1
  15. 26
  16. 6
  17. 50
  18. 12
  19. 66
  20. 25
  21. 42
  22. 100
  23. 9
  24. 60
  25. 2
  26. 24
  27. a loss
  28. 48
  29. 18
  30. 5
  31. 50
  32. 100
  33. 10
  34. 20
  35. 25
  36. 100
  37. 3
  38. 100
  39. 10
  40. 10

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