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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 402 · 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 glass of chai costs ₹60 to make and Farhan sells it for ₹72. What is the markup in percent?
  2. 2.One paper bookmark costs ₹22 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹54 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  5. 5.One jute bag costs ₹12 to make and Kavya sells it for ₹18. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹23 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  9. 9.One handmade card costs ₹38 to make and Riya sells it for ₹76. What is the markup in percent?
  10. 10.One painted pebble costs ₹48 to make and Riya sells it for ₹96. What is the markup in percent?
  11. 11.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  12. 12.One friendship band costs ₹25 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One painted pebble costs ₹35 to make and Nisha sells it for ₹42. What is the markup in percent?
  14. 14.One fruit cup costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  15. 15.One handmade card costs ₹37 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹30 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹10 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹58 to make and Ishaan sells it for ₹87. What is the markup in percent?
  19. 19.One friendship band costs ₹32 to make and Ananya sells it for ₹40. What is the markup in percent?
  20. 20.One cupcake costs ₹50 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹60 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹16 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  24. 24.One handmade card costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  25. 25.One handmade card costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  29. 29.One potted plant costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  30. 30.One glass of chai costs ₹40 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹38 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹40 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹55 to make and Saanvi sells it for ₹66. What is the markup in percent?
  34. 34.One jute bag costs ₹60 to make and Dev sells it for ₹90. What is the markup in percent?
  35. 35.One handmade card costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹22 to make and Kabir sells it for ₹44. What is the markup in percent?
  37. 37.One painted pebble costs ₹55 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹32 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  40. 40.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup

Answer key

  1. 20
  2. 44
  3. 27
  4. 25
  5. 50
  6. 54
  7. 23
  8. 10 rupees
  9. 100
  10. 100
  11. a loss
  12. 30
  13. 20
  14. 10
  15. 74
  16. 33
  17. 20
  18. 50
  19. 25
  20. 75
  21. 5
  22. 30
  23. 50
  24. 10
  25. 66
  26. 33
  27. 1
  28. what buyers will pay
  29. 10
  30. 10
  31. 57
  32. 10
  33. 20
  34. 50
  35. 11
  36. 100
  37. 110
  38. 3
  39. 64
  40. cost + a markup

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