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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 251 · 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 clay diya costs ₹24 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹20 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹32 to make and Diya sells it for ₹48. What is the markup in percent?
  4. 4.One friendship band costs ₹48 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹28 to make and Saanvi sells it for ₹56. What is the markup in percent?
  6. 6.One paper bookmark costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹20 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹25 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹15 to make and Riya sells it for ₹30. What is the markup in percent?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  11. 11.One cupcake costs ₹35 to make and Farhan sells it for ₹42. What is the markup in percent?
  12. 12.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  13. 13.One jute bag costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹36 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹56 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹36 to make and Tara sells it for ₹72. What is the markup in percent?
  18. 18.One handmade card costs ₹12 to make and Vihaan sells it for ₹15. What is the markup in percent?
  19. 19.One handmade card costs ₹12 to make and Arjun sells it for ₹18. What is the markup in percent?
  20. 20.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  21. 21.One cup of lemonade costs ₹50 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹28 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One bag of popcorn costs ₹32 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹15 to make and Riya sells it for ₹18. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹50 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹35 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹30 to make and Gurpreet sells it for ₹36. What is the markup in percent?
  31. 31.One painted pebble costs ₹54 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹35 to make and Lakshmi sells it for ₹70. What is the markup in percent?
  33. 33.One fruit cup costs ₹60 to make and Riya sells it for ₹75. What is the markup in percent?
  34. 34.One painted pebble costs ₹45 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹60 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹10 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹20 to make and Rohan sells it for ₹24. What is the markup in percent?
  38. 38.One jute bag costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  39. 39.One jute bag costs ₹10 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price

Answer key

  1. 30
  2. 2
  3. 50
  4. 96
  5. 100
  6. 4
  7. 25
  8. 5
  9. 100
  10. 10 rupees
  11. 20
  12. what buyers will pay
  13. 4
  14. 10
  15. 45
  16. 84
  17. 100
  18. 25
  19. 50
  20. a loss
  21. 100
  22. 10
  23. 35
  24. 48
  25. 20
  26. 72
  27. 25
  28. 10
  29. 35
  30. 20
  31. 27
  32. 100
  33. 25
  34. 54
  35. 120
  36. 12
  37. 20
  38. 10
  39. 2
  40. cost + a markup

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