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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 365 · 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 jute bag costs ₹15 to make and Aarav sells it for ₹18. What is the markup in percent?
  2. 2.One paper bookmark costs ₹52 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One clay diya costs ₹22 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹50 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  8. 8.One painted pebble costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  11. 11.One paper bookmark costs ₹34 to make and Rohan sells it for ₹51. What is the markup in percent?
  12. 12.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  13. 13.One cup of lemonade costs ₹34 to make and Meera sells it for ₹68. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹52 to make and Nisha sells it for ₹104. What is the markup in percent?
  15. 15.One clay diya costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  16. 16.One paper bookmark costs ₹55 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹47 to make and Saanvi sells it for ₹94. What is the markup in percent?
  18. 18.One jute bag costs ₹34 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹38 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹28 to make and Tara sells it for ₹42. What is the markup in percent?
  21. 21.One clay diya costs ₹48 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹22 to make and Nisha sells it for ₹33. What is the markup in percent?
  23. 23.One handmade card costs ₹26 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹20 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  26. 26.One painted pebble costs ₹56 to make and Zoya sells it for ₹70. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹50 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹52 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹58 to make and Ishaan sells it for ₹116. What is the markup in percent?
  32. 32.One jute bag costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹48 to make and Nisha sells it for ₹60. What is the markup in percent?
  34. 34.One painted pebble costs ₹42 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹51 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹22 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹28 to make and Diya sells it for ₹35. What is the markup in percent?
  40. 40.One potted plant costs ₹20 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 20
  2. 65
  3. 22
  4. 36
  5. 1
  6. 55
  7. cost + a markup
  8. 11
  9. a loss
  10. 10 rupees
  11. 50
  12. what buyers will pay
  13. 100
  14. 100
  15. 10
  16. 66
  17. 100
  18. 17
  19. 76
  20. 50
  21. 96
  22. 50
  23. 52
  24. 5
  25. 10
  26. 25
  27. 11
  28. 22
  29. 5
  30. 52
  31. 100
  32. 1
  33. 25
  34. 63
  35. 66
  36. 102
  37. 22
  38. 33
  39. 25
  40. 10

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