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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 339 · 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 ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  2. 2.One clay diya costs ₹56 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  4. 4.One glass of chai costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  5. 5.One potted plant costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  7. 7.One paper bookmark costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹34 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  11. 11.One glass of chai costs ₹45 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹14 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹55 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹44 to make and Saanvi sells it for ₹55. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹52 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹23 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹54 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹20 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹30 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹55 to make and Gurpreet sells it for ₹110. What is the markup in percent?
  24. 24.One painted pebble costs ₹32 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹20 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹50 to make and Rohan sells it for ₹60. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹14 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One clay diya costs ₹55 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹16 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹44 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹38 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  37. 37.One glass of chai costs ₹45 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹40 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?

Answer key

  1. 10
  2. 70
  3. what buyers will pay
  4. 10
  5. 11
  6. 10 rupees
  7. 40
  8. 17
  9. 1
  10. cost + a markup
  11. 9
  12. 7
  13. 66
  14. 1
  15. 25
  16. 13
  17. 11
  18. 23
  19. 54
  20. 25
  21. 6
  22. 6
  23. 100
  24. 48
  25. 24
  26. 2
  27. 36
  28. 44
  29. 20
  30. 14
  31. 11
  32. 1
  33. 8
  34. 55
  35. 19
  36. 10
  37. 9
  38. 4
  39. 48
  40. 20

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