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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 390 · 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 clay diya costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  3. 3.One potted plant costs ₹10 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  6. 6.One handmade card costs ₹18 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One cupcake costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  8. 8.One fruit cup costs ₹52 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹45 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹60 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  13. 13.One handmade card costs ₹29 to make and Aarav sells it for ₹58. What is the markup in percent?
  14. 14.One handmade card costs ₹22 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹30 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹38 to make and Dev sells it for ₹76. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹24 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹56 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹10 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹20 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  22. 22.One friendship band costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  25. 25.One clay diya costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹25 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  27. 27.One glass of chai costs ₹16 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹12 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹27 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹28 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  36. 36.One clay diya costs ₹45 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  37. 37.One jute bag costs ₹36 to make and Arjun sells it for ₹54. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹26 to make and Ishaan sells it for ₹52. What is the markup in percent?
  39. 39.One jute bag costs ₹60 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹50 to make. Tara adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 55
  2. cost + a markup
  3. 12
  4. 3
  5. a loss
  6. 9
  7. 10
  8. 78
  9. 9
  10. 22
  11. 90
  12. 10
  13. 100
  14. 22
  15. 36
  16. 100
  17. 36
  18. 28
  19. 5
  20. 30
  21. 10
  22. 4
  23. 6
  24. 10 rupees
  25. 12
  26. 20
  27. 20
  28. 6
  29. 27
  30. 22
  31. 10
  32. 2
  33. 14
  34. 4
  35. what buyers will pay
  36. 20
  37. 50
  38. 100
  39. 60
  40. 60

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