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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 258 · 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 ₹16 to make and Riya sells it for ₹20. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  3. 3.One handmade card costs ₹30 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs ₹28 to make and Ishaan sells it for ₹56. What is the markup in percent?
  5. 5.One cupcake costs ₹60 to make and Farhan sells it for ₹72. What is the markup in percent?
  6. 6.One handmade card costs ₹42 to make and Riya sells it for ₹63. What is the markup in percent?
  7. 7.One clay diya costs ₹42 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One glass of chai costs ₹45 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One jute bag costs ₹46 to make and Diya sells it for ₹69. What is the markup in percent?
  10. 10.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  11. 11.One handmade card costs ₹48 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹32 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹52 to make and Aarav sells it for ₹65. What is the markup in percent?
  15. 15.One glass of chai costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹51 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹20 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  19. 19.One cup of lemonade costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹25 to make and Aarav sells it for ₹30. What is the markup in percent?
  23. 23.One paper bookmark costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹50 to make and Diya sells it for ₹75. What is the markup in percent?
  25. 25.One paper bookmark costs ₹24 to make and Aarav sells it for ₹30. What is the markup in percent?
  26. 26.One paper bookmark costs ₹46 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One jute bag costs ₹20 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  32. 32.One cup of lemonade costs ₹20 to make and Diya sells it for ₹25. What is the markup in percent?
  33. 33.One potted plant costs ₹13 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹32 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹30 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹44 to make and Nisha sells it for ₹66. What is the markup in percent?
  39. 39.One potted plant costs ₹12 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹35 to make and Aarav sells it for ₹42. What is the markup in percent?

Answer key

  1. 25
  2. a loss
  3. 6
  4. 100
  5. 20
  6. 50
  7. 42
  8. 54
  9. 50
  10. what buyers will pay
  11. 12
  12. 48
  13. 4
  14. 25
  15. 6
  16. 102
  17. 30
  18. 10 rupees
  19. 55
  20. 48
  21. 48
  22. 20
  23. 11
  24. 50
  25. 25
  26. 46
  27. 5
  28. 30
  29. 33
  30. 6
  31. cost + a markup
  32. 25
  33. 26
  34. 48
  35. 4
  36. 40
  37. 3
  38. 50
  39. 18
  40. 20

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