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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 425 · 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 jute bag costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs ₹32 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹25 to make and Ananya sells it for ₹30. What is the markup in percent?
  4. 4.One fruit cup costs ₹40 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  6. 6.One jute bag costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  7. 7.One fruit cup costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  8. 8.One potted plant costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  9. 9.One painted pebble costs ₹11 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹24 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹20 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  12. 12.One potted plant costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One cupcake costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹25 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹10 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  18. 18.One clay diya costs ₹13 to make and Ananya sells it for ₹26. What is the markup in percent?
  19. 19.One cupcake costs ₹34 to make and Ananya sells it for ₹68. What is the markup in percent?
  20. 20.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  21. 21.One painted pebble costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹20 to make and Kavya sells it for ₹40. What is the markup in percent?
  24. 24.One jute bag costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹33 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  27. 27.One handmade card costs ₹14 to make and Saanvi sells it for ₹28. What is the markup in percent?
  28. 28.One potted plant costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹42 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  31. 31.One friendship band costs ₹60 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹25 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹28 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹12 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹44 to make and Farhan sells it for ₹55. What is the markup in percent?
  36. 36.One friendship band costs ₹53 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹28 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹32 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹12 to make and Aarav sells it for ₹15. What is the markup in percent?
  40. 40.One potted plant costs ₹56 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 3
  2. 8
  3. 20
  4. 8
  5. a loss
  6. 10
  7. 10
  8. 10
  9. 22
  10. 30
  11. 50
  12. 11
  13. 33
  14. 40
  15. 30
  16. 2
  17. what buyers will pay
  18. 100
  19. 100
  20. cost + a markup
  21. 4
  22. 4
  23. 100
  24. 6
  25. 33
  26. 25
  27. 100
  28. 44
  29. 21
  30. 10 rupees
  31. 66
  32. 5
  33. 7
  34. 15
  35. 25
  36. 53
  37. 7
  38. 8
  39. 25
  40. 70

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