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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 30 · 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) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  2. 2.One clay diya costs ₹30 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹12 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  6. 6.One bag of popcorn costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹60 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  10. 10.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  11. 11.One handmade card costs ₹42 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹36 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹50 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹48 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  18. 18.One potted plant costs ₹47 to make and Ishaan sells it for ₹94. What is the markup in percent?
  19. 19.One glass of chai costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹60 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹35 to make and Meera sells it for ₹42. What is the markup in percent?
  22. 22.One friendship band costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  23. 23.One handmade card costs ₹42 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹30 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹52 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹45 to make and Ananya sells it for ₹54. What is the markup in percent?
  30. 30.One clay diya costs ₹34 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹16 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹20 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  34. 34.One glass of chai costs ₹47 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹24 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹40 to make and Zoya sells it for ₹48. What is the markup in percent?
  40. 40.One friendship band costs ₹60 to make. Diya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. 45
  3. 42
  4. 18
  5. what buyers will pay
  6. 10
  7. 90
  8. 4
  9. cost + a markup
  10. a loss
  11. 63
  12. 12
  13. 45
  14. 11
  15. 48
  16. 10
  17. 25
  18. 100
  19. 11
  20. 15
  21. 20
  22. 10
  23. 84
  24. 36
  25. 5
  26. 55
  27. 26
  28. 10
  29. 20
  30. 51
  31. 20
  32. 30
  33. 10
  34. 47
  35. 11
  36. 4
  37. 24
  38. 36
  39. 20
  40. 66

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