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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 386 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  2. 2.One clay diya costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  3. 3.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  4. 4.One potted plant costs ₹46 to make and Dev sells it for ₹69. What is the markup in percent?
  5. 5.One friendship band costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  7. 7.One paper bookmark costs ₹52 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹14 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  10. 10.One clay diya costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  11. 11.One potted plant costs ₹35 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  13. 13.One cupcake costs ₹37 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹18 to make and Meera sells it for ₹27. What is the markup in percent?
  15. 15.One potted plant costs ₹14 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹26 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  19. 19.One fruit cup costs ₹42 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹36 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹23 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹48 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One potted plant costs ₹60 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One clay diya costs ₹40 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹54 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹60 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹10 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  34. 34.One potted plant costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹56 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹39 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹48 to make and Saanvi sells it for ₹60. What is the markup in percent?
  39. 39.One potted plant costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  40. 40.One paper bookmark costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 10
  3. cost + a markup
  4. 50
  5. 5
  6. 20
  7. 78
  8. 14
  9. what buyers will pay
  10. 10
  11. 7
  12. 20
  13. 74
  14. 50
  15. 7
  16. 39
  17. 33
  18. 10
  19. 42
  20. 9
  21. 23
  22. 11
  23. 96
  24. 5
  25. 66
  26. 12
  27. 48
  28. 81
  29. 72
  30. 12
  31. 11
  32. 1
  33. a loss
  34. 60
  35. 14
  36. 39
  37. 66
  38. 25
  39. 10
  40. 10

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