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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 325 · 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 handmade card costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹60 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  4. 4.One handmade card costs ₹53 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  6. 6.One handmade card costs ₹55 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹18 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹60 to make and Ishaan sells it for ₹90. What is the markup in percent?
  9. 9.One jute bag costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  11. 11.One cupcake costs ₹23 to make and Diya sells it for ₹46. What is the markup in percent?
  12. 12.One handmade card costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹27 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹44 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One bag of popcorn costs ₹19 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  18. 18.One fruit cup costs ₹10 to make and Kavya sells it for ₹12. What is the markup in percent?
  19. 19.One painted pebble costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹31 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹54 to make and Vihaan sells it for ₹108. What is the markup in percent?
  22. 22.One paper bookmark costs ₹52 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  24. 24.One fruit cup costs ₹18 to make and Riya sells it for ₹27. What is the markup in percent?
  25. 25.One painted pebble costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹34 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹55 to make and Aarav sells it for ₹66. What is the markup in percent?
  28. 28.One fruit cup costs ₹30 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹12 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹26 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹51 to make and Vihaan sells it for ₹102. What is the markup in percent?
  32. 32.One paper bookmark costs ₹52 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹25 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹50 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  36. 36.One fruit cup costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹20 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹32 to make and Nisha sells it for ₹40. What is the markup in percent?
  40. 40.One friendship band costs ₹13 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 15
  3. cost + a markup
  4. 106
  5. 10 rupees
  6. 11
  7. 27
  8. 50
  9. 30
  10. a loss
  11. 100
  12. 4
  13. 1
  14. 54
  15. 55
  16. 19
  17. what buyers will pay
  18. 20
  19. 6
  20. 31
  21. 100
  22. 52
  23. 20
  24. 50
  25. 20
  26. 68
  27. 20
  28. 6
  29. 15
  30. 39
  31. 100
  32. 13
  33. 30
  34. 100
  35. 10
  36. 45
  37. 48
  38. 24
  39. 25
  40. 13

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