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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 301 · 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 clay diya costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  2. 2.One handmade card costs ₹20 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  4. 4.One cup of lemonade costs ₹16 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  7. 7.One clay diya costs ₹60 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  9. 9.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  10. 10.One glass of chai costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹37 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹60 to make and Diya sells it for ₹90. What is the markup in percent?
  13. 13.One painted pebble costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  14. 14.One handmade card costs ₹24 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹50 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹50 to make and Nisha sells it for ₹75. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  20. 20.One paper bookmark costs ₹55 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹52 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹12 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹30 to make and Joseph sells it for ₹60. What is the markup in percent?
  24. 24.One handmade card costs ₹12 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹60 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹42 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹10 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹13 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹55 to make and Kavya sells it for ₹66. What is the markup in percent?
  33. 33.One paper bookmark costs ₹25 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹40 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹16 to make and Dev sells it for ₹32. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹16 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹58 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹48 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹30 to make and Rohan sells it for ₹36. What is the markup in percent?

Answer key

  1. 10
  2. 24
  3. cost + a markup
  4. 8
  5. 44
  6. 10
  7. 75
  8. 10 rupees
  9. what buyers will pay
  10. 6
  11. 37
  12. 50
  13. 20
  14. 30
  15. 44
  16. 60
  17. 50
  18. 18
  19. a loss
  20. 66
  21. 65
  22. 3
  23. 100
  24. 25
  25. 4
  26. 6
  27. 21
  28. 2
  29. 13
  30. 9
  31. 22
  32. 20
  33. 5
  34. 48
  35. 100
  36. 4
  37. 8
  38. 29
  39. 12
  40. 20

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