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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 48 · 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 paper bookmark costs ₹12 to make and Saanvi sells it for ₹15. What is the markup in percent?
  2. 2.One glass of chai costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  5. 5.One cupcake costs ₹15 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  7. 7.One glass of chai costs ₹29 to make and Tara sells it for ₹58. What is the markup in percent?
  8. 8.One clay diya costs ₹50 to make and Vihaan sells it for ₹100. What is the markup in percent?
  9. 9.One jute bag costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹30 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  13. 13.One painted pebble costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  14. 14.One cupcake costs ₹36 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  17. 17.One cup of lemonade costs ₹46 to make and Meera sells it for ₹69. What is the markup in percent?
  18. 18.One potted plant costs ₹58 to make and Diya sells it for ₹116. What is the markup in percent?
  19. 19.One potted plant costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  20. 20.One glass of chai costs ₹32 to make and Gurpreet sells it for ₹40. What is the markup in percent?
  21. 21.One painted pebble costs ₹50 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹55 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹16 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹20 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹56 to make and Kabir sells it for ₹112. What is the markup in percent?
  30. 30.One paper bookmark costs ₹36 to make and Ishaan sells it for ₹54. What is the markup in percent?
  31. 31.One handmade card costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹18 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹56 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹52 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹24 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹32 to make and Farhan sells it for ₹40. What is the markup in percent?
  39. 39.One potted plant costs ₹40 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹24 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 25
  2. 10
  3. 22
  4. 10 rupees
  5. 3
  6. cost + a markup
  7. 100
  8. 100
  9. 30
  10. 4
  11. 45
  12. 10
  13. 20
  14. 9
  15. 66
  16. what buyers will pay
  17. 50
  18. 100
  19. 10
  20. 25
  21. 60
  22. 4
  23. 20
  24. 66
  25. 1
  26. 66
  27. 8
  28. 5
  29. 100
  30. 50
  31. 66
  32. 5
  33. 24
  34. 27
  35. 84
  36. 65
  37. 12
  38. 25
  39. 60
  40. 6

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