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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 271 · 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 paper bookmark costs ₹20 to make. Diya adds a 10% markup. What is the selling price (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 jute bag costs ₹22 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹40 to make and Vihaan sells it for ₹48. What is the markup in percent?
  5. 5.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  6. 6.One handmade card costs ₹14 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs ₹60 to make and Riya sells it for ₹66. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹28 to make and Kabir sells it for ₹42. What is the markup in percent?
  9. 9.One friendship band costs ₹28 to make and Tara sells it for ₹42. What is the markup in percent?
  10. 10.One handmade card costs ₹20 to make and Kavya sells it for ₹30. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  12. 12.One paper bookmark costs ₹12 to make and Rohan sells it for ₹18. What is the markup in percent?
  13. 13.One friendship band costs ₹44 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹43 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹36 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹54 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹41 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One friendship band costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹40 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹50 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  28. 28.One glass of chai costs ₹16 to make and Kavya sells it for ₹24. What is the markup in percent?
  29. 29.One handmade card costs ₹20 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  31. 31.One cupcake costs ₹10 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹38 to make and Vihaan sells it for ₹57. What is the markup in percent?
  33. 33.One painted pebble costs ₹43 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹10 to make and Riya sells it for ₹12. What is the markup in percent?
  35. 35.One painted pebble costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  36. 36.One potted plant costs ₹25 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹18 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹29 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹45 to make and Gurpreet sells it for ₹54. What is the markup in percent?

Answer key

  1. 22
  2. 10 rupees
  3. 22
  4. 20
  5. a loss
  6. 7
  7. 10
  8. 50
  9. 50
  10. 50
  11. cost + a markup
  12. 50
  13. 11
  14. 5
  15. 86
  16. 9
  17. 1
  18. 81
  19. 22
  20. 66
  21. 82
  22. 12
  23. 8
  24. 10
  25. 18
  26. 7
  27. what buyers will pay
  28. 50
  29. 25
  30. 10
  31. 20
  32. 50
  33. 86
  34. 20
  35. 20
  36. 5
  37. 27
  38. 58
  39. 55
  40. 20

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