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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 480 · 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 handmade card costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹48 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One jute bag costs ₹14 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  5. 5.One painted pebble costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  6. 6.One glass of chai costs ₹20 to make and Kabir sells it for ₹25. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹48 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  9. 9.One handmade card costs ₹13 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹50 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One glass of chai costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  13. 13.One cupcake costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One painted pebble costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹54 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹44 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹54 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹48 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹53 to make and Diya sells it for ₹106. What is the markup in percent?
  21. 21.One fruit cup costs ₹20 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹17 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹16 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹60 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹10 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹21 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹32 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  29. 29.One paper bookmark costs ₹56 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹42 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹60 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹32 to make and Arjun sells it for ₹48. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹55 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹21 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  37. 37.One jute bag costs ₹32 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  39. 39.One paper bookmark costs ₹12 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹10 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 1
  2. 60
  3. 7
  4. a loss
  5. 10
  6. 25
  7. 60
  8. what buyers will pay
  9. 26
  10. 60
  11. 20
  12. 10 rupees
  13. 2
  14. 2
  15. 11
  16. 27
  17. 11
  18. 108
  19. 48
  20. 100
  21. 25
  22. 34
  23. 32
  24. 6
  25. 1
  26. 21
  27. 32
  28. cost + a markup
  29. 70
  30. 21
  31. 12
  32. 50
  33. 66
  34. 21
  35. 1
  36. 20
  37. 8
  38. 10
  39. 6
  40. 2

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