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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 244 · 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 friendship band costs ₹60 to make and Nisha sells it for ₹72. What is the markup in percent?
  2. 2.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  3. 3.One paper bookmark costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  4. 4.One painted pebble costs ₹14 to make and Joseph sells it for ₹21. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹54 to make and Diya sells it for ₹81. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cupcake costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  8. 8.One potted plant costs ₹10 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹45 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹52 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹20 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹28 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  14. 14.One cup of lemonade costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  16. 16.One handmade card costs ₹24 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹48 to make and Nisha sells it for ₹60. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹25 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  20. 20.One cupcake costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹60 to make and Aarav sells it for ₹90. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  24. 24.One fruit cup costs ₹36 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹15 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹30 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹16 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One clay diya costs ₹20 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹54 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹12 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹45 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹56 to make and Rohan sells it for ₹84. What is the markup in percent?
  33. 33.One fruit cup costs ₹39 to make and Nisha sells it for ₹78. What is the markup in percent?
  34. 34.One painted pebble costs ₹24 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹30 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹56 to make and Dev sells it for ₹84. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹60 to make and Lakshmi sells it for ₹90. What is the markup in percent?
  39. 39.One potted plant costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  40. 40.One clay diya costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?

Answer key

  1. 20
  2. what buyers will pay
  3. 10
  4. 50
  5. 50
  6. 35
  7. 20
  8. 12
  9. 9
  10. 65
  11. 25
  12. 35
  13. cost + a markup
  14. 66
  15. 10
  16. 36
  17. 25
  18. 50
  19. 10 rupees
  20. 1
  21. 50
  22. 2
  23. a loss
  24. 9
  25. 3
  26. 3
  27. 32
  28. 5
  29. 108
  30. 6
  31. 54
  32. 50
  33. 100
  34. 36
  35. 66
  36. 36
  37. 50
  38. 50
  39. 10
  40. 20

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