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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 303 · 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 fruit cup costs ₹15 to make and Nisha sells it for ₹18. What is the markup in percent?
  2. 2.One potted plant costs ₹18 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One jute bag costs ₹32 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  5. 5.One jute bag costs ₹36 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  8. 8.One glass of chai costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  10. 10.One handmade card costs ₹32 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹60 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹40 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹44 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹30 to make and Diya sells it for ₹45. What is the markup in percent?
  15. 15.One painted pebble costs ₹37 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  17. 17.One friendship band costs ₹60 to make and Kabir sells it for ₹72. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹12 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹30 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹56 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹30 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹30 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  25. 25.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  26. 26.One handmade card costs ₹42 to make and Arjun sells it for ₹84. What is the markup in percent?
  27. 27.One handmade card costs ₹60 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  29. 29.One friendship band costs ₹28 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹31 to make and Kavya sells it for ₹62. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹38 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹46 to make and Rohan sells it for ₹92. What is the markup in percent?
  35. 35.One friendship band costs ₹20 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  37. 37.One paper bookmark costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  38. 38.One paper bookmark costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹32 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹40 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 27
  3. 32
  4. cost + a markup
  5. 54
  6. 10
  7. 10 rupees
  8. 4
  9. what buyers will pay
  10. 40
  11. 15
  12. 10
  13. 44
  14. 50
  15. 74
  16. 10
  17. 20
  18. 65
  19. 3
  20. 22
  21. 6
  22. 84
  23. 3
  24. 20
  25. a loss
  26. 100
  27. 66
  28. 20
  29. 28
  30. 72
  31. 100
  32. 20
  33. 38
  34. 100
  35. 40
  36. 10
  37. 10
  38. 6
  39. 64
  40. 48

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