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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 275 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  3. 3.One fruit cup costs ₹50 to make and Kabir sells it for ₹75. What is the markup in percent?
  4. 4.One paper bookmark costs ₹40 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹16 to make and Kabir sells it for ₹20. What is the markup in percent?
  6. 6.One jute bag costs ₹52 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One bag of popcorn costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  9. 9.One clay diya costs ₹46 to make and Tara sells it for ₹69. What is the markup in percent?
  10. 10.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  11. 11.One glass of chai costs ₹50 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹25 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹32 to make and Meera sells it for ₹40. What is the markup in percent?
  14. 14.One clay diya costs ₹30 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹16 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹32 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹15 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹40 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹24 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One painted pebble costs ₹30 to make and Ananya sells it for ₹36. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹17 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹39 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  26. 26.One handmade card costs ₹10 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹56 to make and Diya sells it for ₹84. What is the markup in percent?
  28. 28.One jute bag costs ₹45 to make and Diya sells it for ₹54. What is the markup in percent?
  29. 29.One jute bag costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹18 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹25 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹15 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹60 to make and Diya sells it for ₹75. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹40 to make and Vihaan sells it for ₹48. What is the markup in percent?
  37. 37.One jute bag costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹24 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  40. 40.One fruit cup costs ₹50 to make and Diya sells it for ₹75. What is the markup in percent?

Answer key

  1. 10 rupees
  2. cost + a markup
  3. 50
  4. 48
  5. 25
  6. 26
  7. 10
  8. a loss
  9. 50
  10. what buyers will pay
  11. 25
  12. 5
  13. 25
  14. 36
  15. 4
  16. 40
  17. 18
  18. 80
  19. 30
  20. 4
  21. 30
  22. 20
  23. 17
  24. 78
  25. 10
  26. 15
  27. 50
  28. 20
  29. 3
  30. 9
  31. 50
  32. 3
  33. 3
  34. 24
  35. 25
  36. 20
  37. 66
  38. 66
  39. 25
  40. 50

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