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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 422 · 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. Tara adds a 20% markup. What is the selling price (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  3. 3.One clay diya costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  5. 5.One painted pebble costs ₹11 to make and Farhan sells it for ₹22. What is the markup in percent?
  6. 6.One jute bag costs ₹32 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹20 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹45 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹20 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹52 to make and Diya sells it for ₹65. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹36 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹24 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹20 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹30 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹55 to make and Meera sells it for ₹66. What is the markup in percent?
  17. 17.One cupcake costs ₹56 to make and Kabir sells it for ₹112. What is the markup in percent?
  18. 18.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  19. 19.One jute bag costs ₹31 to make and Rohan sells it for ₹62. What is the markup in percent?
  20. 20.One handmade card costs ₹44 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One painted pebble costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?
  23. 23.One fruit cup costs ₹20 to make and Arjun sells it for ₹24. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹36 to make and Zoya sells it for ₹45. What is the markup in percent?
  25. 25.One clay diya costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹32 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One clay diya costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  28. 28.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  29. 29.One painted pebble costs ₹60 to make and Tara sells it for ₹72. What is the markup in percent?
  30. 30.One potted plant costs ₹55 to make and Meera sells it for ₹66. What is the markup in percent?
  31. 31.One paper bookmark costs ₹43 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹44 to make and Farhan sells it for ₹55. What is the markup in percent?
  34. 34.One friendship band costs ₹18 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  36. 36.One cupcake costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  37. 37.One painted pebble costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹12 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹56 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 12
  2. 10 rupees
  3. 10
  4. what buyers will pay
  5. 100
  6. 48
  7. 5
  8. 54
  9. 40
  10. 25
  11. 9
  12. 48
  13. 25
  14. 15
  15. 36
  16. 20
  17. 100
  18. a loss
  19. 100
  20. 66
  21. 7
  22. 10
  23. 20
  24. 25
  25. 1
  26. 8
  27. 20
  28. cost + a markup
  29. 20
  30. 20
  31. 86
  32. 5
  33. 25
  34. 9
  35. 10
  36. 10
  37. 2
  38. 3
  39. 28
  40. 72

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