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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 39 · 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 paper bookmark costs ₹31 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  4. 4.One cup of lemonade costs ₹50 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  6. 6.One fruit cup costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹50 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹36 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One clay diya costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One jute bag costs ₹10 to make and Nisha sells it for ₹15. What is the markup in percent?
  11. 11.One paper bookmark costs ₹40 to make and Kavya sells it for ₹50. What is the markup in percent?
  12. 12.One jute bag costs ₹54 to make and Aarav sells it for ₹81. What is the markup in percent?
  13. 13.One paper bookmark costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One fruit cup costs ₹40 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹14 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹24 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹39 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹35 to make and Aarav sells it for ₹42. What is the markup in percent?
  21. 21.One painted pebble costs ₹12 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹56 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹50 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  25. 25.One glass of chai costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  27. 27.One paper bookmark costs ₹15 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹15 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹14 to make and Diya sells it for ₹21. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹20 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹52 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹40 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹42 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  35. 35.One cup of lemonade costs ₹54 to make and Arjun sells it for ₹108. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹10 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹14 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹22 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹50 to make and Ananya sells it for ₹60. What is the markup in percent?
  40. 40.One glass of chai costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 62
  2. 2
  3. a loss
  4. 100
  5. cost + a markup
  6. 1
  7. 60
  8. 18
  9. 50
  10. 50
  11. 25
  12. 50
  13. 24
  14. 10
  15. 28
  16. 6
  17. 6
  18. 25
  19. 39
  20. 20
  21. 15
  22. 14
  23. 10
  24. 10
  25. 10
  26. 10 rupees
  27. 3
  28. 15
  29. 50
  30. 10
  31. 52
  32. 48
  33. 21
  34. what buyers will pay
  35. 100
  36. 5
  37. 7
  38. 44
  39. 20
  40. 2

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