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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 45 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  2. 2.One paper bookmark costs ₹32 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One jute bag costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹60 to make and Joseph sells it for ₹75. What is the markup in percent?
  5. 5.One fruit cup costs ₹37 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One cupcake costs ₹22 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹52 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹60 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹26 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹20 to make and Saanvi sells it for ₹40. What is the markup in percent?
  11. 11.One friendship band costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  13. 13.One paper bookmark costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  14. 14.One cupcake costs ₹20 to make and Ishaan sells it for ₹25. What is the markup in percent?
  15. 15.One painted pebble costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  16. 16.One cupcake costs ₹20 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹30 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  19. 19.One fruit cup costs ₹25 to make and Aarav sells it for ₹50. What is the markup in percent?
  20. 20.One glass of chai costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹18 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹25 to make and Gurpreet sells it for ₹50. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹25 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹60 to make and Tara sells it for ₹90. What is the markup in percent?
  25. 25.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  26. 26.One painted pebble costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹12 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹42 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹40 to make and Farhan sells it for ₹48. What is the markup in percent?
  30. 30.One jute bag costs ₹52 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹25 to make and Zoya sells it for ₹30. What is the markup in percent?
  32. 32.One glass of chai costs ₹20 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹24 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹54 to make and Ishaan sells it for ₹108. What is the markup in percent?
  37. 37.One handmade card costs ₹10 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  38. 38.One paper bookmark costs ₹10 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹30 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹16 to make and Kavya sells it for ₹32. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 40
  3. 4
  4. 25
  5. 74
  6. 22
  7. 65
  8. 75
  9. 13
  10. 100
  11. 44
  12. cost + a markup
  13. 20
  14. 25
  15. 20
  16. 25
  17. 45
  18. a loss
  19. 100
  20. 20
  21. 9
  22. 100
  23. 25
  24. 50
  25. what buyers will pay
  26. 22
  27. 15
  28. 63
  29. 20
  30. 13
  31. 20
  32. 10
  33. 10
  34. 6
  35. 30
  36. 100
  37. 50
  38. 2
  39. 36
  40. 100

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