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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 380 · 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 painted pebble costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  4. 4.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  5. 5.One cup of lemonade costs ₹50 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  7. 7.One handmade card costs ₹21 to make and Tara sells it for ₹42. What is the markup in percent?
  8. 8.One potted plant costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹60 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹20 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹60 to make and Aarav sells it for ₹75. What is the markup in percent?
  13. 13.One handmade card costs ₹46 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹58 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹16 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  17. 17.One handmade card costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  18. 18.One jute bag costs ₹56 to make and Aarav sells it for ₹70. What is the markup in percent?
  19. 19.One jute bag costs ₹12 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹30 to make and Meera sells it for ₹60. What is the markup in percent?
  21. 21.One painted pebble costs ₹56 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹52 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹20 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹32 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹40 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  34. 34.One bag of popcorn costs ₹32 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹50 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹18 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹48 to make and Lakshmi sells it for ₹72. What is the markup in percent?
  39. 39.One friendship band costs ₹25 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹20 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 11
  2. 10 rupees
  3. what buyers will pay
  4. a loss
  5. 100
  6. 10
  7. 100
  8. 11
  9. 60
  10. 30
  11. 22
  12. 25
  13. 69
  14. 29
  15. 8
  16. cost + a markup
  17. 10
  18. 25
  19. 15
  20. 100
  21. 112
  22. 65
  23. 2
  24. 4
  25. 30
  26. 33
  27. 65
  28. 40
  29. 3
  30. 10
  31. 5
  32. 4
  33. 10
  34. 8
  35. 66
  36. 25
  37. 27
  38. 50
  39. 25
  40. 20

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