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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 450 · 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 ₹30 to make and Ishaan sells it for ₹60. What is the markup in percent?
  2. 2.One jute bag costs ₹48 to make and Rohan sells it for ₹96. What is the markup in percent?
  3. 3.One fruit cup costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹22 to make and Arjun sells it for ₹33. What is the markup in percent?
  5. 5.One handmade card costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  6. 6.One clay diya costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  8. 8.One paper bookmark costs ₹60 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  10. 10.One potted plant costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  11. 11.One handmade card costs ₹12 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹56 to make and Diya sells it for ₹112. What is the markup in percent?
  13. 13.One jute bag costs ₹44 to make and Ananya sells it for ₹55. What is the markup in percent?
  14. 14.One jute bag costs ₹25 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One cupcake costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹25 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹30 to make and Saanvi sells it for ₹36. What is the markup in percent?
  18. 18.One glass of chai costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹55 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹22 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹22 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹40 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹35 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹40 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹35 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹58 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹58 to make and Ishaan sells it for ₹87. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹54 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹36 to make and Zoya sells it for ₹54. What is the markup in percent?
  32. 32.One fruit cup costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹52 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹28 to make and Kabir sells it for ₹35. What is the markup in percent?
  35. 35.One glass of chai costs ₹56 to make and Tara sells it for ₹84. What is the markup in percent?
  36. 36.One handmade card costs ₹10 to make and Zoya sells it for ₹12. What is the markup in percent?
  37. 37.One cupcake costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  39. 39.One glass of chai costs ₹46 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?

Answer key

  1. 100
  2. 100
  3. 5
  4. 50
  5. 10
  6. 4
  7. cost + a markup
  8. 90
  9. what buyers will pay
  10. 10
  11. 6
  12. 100
  13. 25
  14. 5
  15. 12
  16. 5
  17. 20
  18. 36
  19. 66
  20. 33
  21. 33
  22. 60
  23. 70
  24. 50
  25. 42
  26. 66
  27. 29
  28. 50
  29. 18
  30. 81
  31. 50
  32. 5
  33. 65
  34. 25
  35. 50
  36. 20
  37. 36
  38. 10
  39. 23
  40. 10

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