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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 262 · 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 glass of chai costs ₹12 to make and Ishaan sells it for ₹15. What is the markup in percent?
  2. 2.One bag of popcorn costs ₹28 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹60 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  5. 5.One potted plant costs ₹18 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹15 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  9. 9.One jute bag costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  10. 10.One fruit cup costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹14 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹12 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹52 to make and Zoya sells it for ₹65. What is the markup in percent?
  14. 14.One friendship band costs ₹50 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹20 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  17. 17.One paper bookmark costs ₹50 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹25 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹22 to make and Rohan sells it for ₹33. What is the markup in percent?
  20. 20.One paper bookmark costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹36 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  24. 24.One friendship band costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹33 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  26. 26.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  27. 27.One friendship band costs ₹52 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹12 to make and Joseph sells it for ₹18. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹20 to make and Diya sells it for ₹24. What is the markup in percent?
  30. 30.One fruit cup costs ₹55 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹51 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹24 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹32 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹20 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  35. 35.One fruit cup costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹24 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?
  39. 39.One clay diya costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹48 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 25
  2. 7
  3. 75
  4. what buyers will pay
  5. 18
  6. 66
  7. 15
  8. 10 rupees
  9. 20
  10. 10
  11. 21
  12. 15
  13. 25
  14. 50
  15. 5
  16. a loss
  17. 10
  18. 30
  19. 50
  20. 33
  21. 10
  22. 9
  23. 10
  24. 3
  25. 66
  26. cost + a markup
  27. 26
  28. 50
  29. 20
  30. 11
  31. 51
  32. 48
  33. 8
  34. 50
  35. 2
  36. 11
  37. 36
  38. 50
  39. 11
  40. 12

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