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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 477 · 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) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  3. 3.One painted pebble costs ₹42 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  5. 5.One fruit cup costs ₹16 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹22 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹44 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹52 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹28 to make and Tara sells it for ₹56. What is the markup in percent?
  10. 10.One paper bookmark costs ₹20 to make and Ananya sells it for ₹25. What is the markup in percent?
  11. 11.One clay diya costs ₹52 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹17 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹50 to make and Joseph sells it for ₹75. What is the markup in percent?
  14. 14.One friendship band costs ₹15 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  15. 15.One fruit cup costs ₹50 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹30 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹40 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹55 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹60 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹16 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹12 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  24. 24.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  25. 25.One cupcake costs ₹21 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹25 to make and Ishaan sells it for ₹30. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹21 to make and Farhan sells it for ₹42. What is the markup in percent?
  28. 28.One cupcake costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹12 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹27 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹14 to make and Aarav sells it for ₹21. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  35. 35.One jute bag costs ₹16 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹12 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹12 to make and Ishaan sells it for ₹15. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?

Answer key

  1. 10 rupees
  2. cost + a markup
  3. 42
  4. what buyers will pay
  5. 4
  6. 33
  7. 55
  8. 13
  9. 100
  10. 25
  11. 13
  12. 17
  13. 50
  14. 100
  15. 60
  16. 30
  17. 8
  18. 55
  19. 5
  20. 90
  21. 24
  22. 18
  23. 20
  24. a loss
  25. 21
  26. 20
  27. 100
  28. 2
  29. 3
  30. 55
  31. 54
  32. 44
  33. 50
  34. 20
  35. 8
  36. 6
  37. 20
  38. 25
  39. 24
  40. 10

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