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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 46 · 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) 50 rupees (d) 20 rupees
  2. 2.One jute bag costs ₹13 to make and Riya sells it for ₹26. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  4. 4.One clay diya costs ₹30 to make and Ananya sells it for ₹45. What is the markup in percent?
  5. 5.One friendship band costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?
  6. 6.One glass of chai costs ₹36 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹15 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  10. 10.One cup of lemonade costs ₹36 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹24 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹24 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹12 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  14. 14.One cupcake costs ₹52 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹20 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹30 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  19. 19.One paper bookmark costs ₹20 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹25 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  22. 22.One glass of chai costs ₹36 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹28 to make and Tara sells it for ₹35. What is the markup in percent?
  27. 27.One potted plant costs ₹25 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  29. 29.One handmade card costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹30 to make and Dev sells it for ₹45. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹52 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹16 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  35. 35.One handmade card costs ₹27 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹26 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹52 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹14 to make and Kabir sells it for ₹21. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 100
  3. a loss
  4. 50
  5. 10
  6. 36
  7. 2
  8. 18
  9. what buyers will pay
  10. 9
  11. 30
  12. 24
  13. 50
  14. 26
  15. 5
  16. 4
  17. 6
  18. 10
  19. 5
  20. 5
  21. cost + a markup
  22. 9
  23. 30
  24. 15
  25. 72
  26. 25
  27. 20
  28. 10
  29. 33
  30. 50
  31. 78
  32. 33
  33. 20
  34. 10
  35. 54
  36. 11
  37. 44
  38. 39
  39. 78
  40. 50

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