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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 322 · 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 cup of lemonade costs ₹28 to make and Meera sells it for ₹35. What is the markup in percent?
  2. 2.One cupcake costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹60 to make and Meera sells it for ₹120. What is the markup in percent?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  5. 5.One potted plant costs ₹44 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  7. 7.One clay diya costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One clay diya costs ₹26 to make and Riya sells it for ₹52. What is the markup in percent?
  9. 9.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  11. 11.One jute bag costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  12. 12.One potted plant costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹56 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹12 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹56 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹20 to make and Kabir sells it for ₹40. What is the markup in percent?
  18. 18.One clay diya costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  19. 19.One friendship band costs ₹32 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹49 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹16 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹35 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹35 to make and Arjun sells it for ₹42. What is the markup in percent?
  26. 26.One clay diya costs ₹52 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹15 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹50 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹48 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹23 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹59 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹12 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹25 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹28 to make and Arjun sells it for ₹35. What is the markup in percent?
  39. 39.One paper bookmark costs ₹52 to make and Meera sells it for ₹65. What is the markup in percent?
  40. 40.One jute bag costs ₹57 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 25
  2. 6
  3. 100
  4. a loss
  5. 66
  6. cost + a markup
  7. 2
  8. 100
  9. what buyers will pay
  10. 10 rupees
  11. 10
  12. 33
  13. 3
  14. 84
  15. 18
  16. 56
  17. 100
  18. 10
  19. 16
  20. 11
  21. 98
  22. 1
  23. 16
  24. 70
  25. 20
  26. 78
  27. 2
  28. 18
  29. 60
  30. 24
  31. 66
  32. 3
  33. 23
  34. 118
  35. 3
  36. 5
  37. 18
  38. 25
  39. 25
  40. 57

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