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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 497 · 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 ₹44 to make and Saanvi sells it for ₹88. What is the markup in percent?
  2. 2.One jute bag costs ₹24 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹58 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹30 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One friendship band costs ₹51 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹22 to make and Ananya sells it for ₹33. What is the markup in percent?
  7. 7.One friendship band costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One cupcake costs ₹44 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  10. 10.One friendship band costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One glass of chai costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  13. 13.One glass of chai costs ₹26 to make and Aarav sells it for ₹39. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  17. 17.One painted pebble costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  18. 18.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  19. 19.One bag of popcorn costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹50 to make and Zoya sells it for ₹55. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  22. 22.One friendship band costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹44 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  25. 25.One paper bookmark costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹56 to make and Farhan sells it for ₹112. What is the markup in percent?
  28. 28.One painted pebble costs ₹49 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹20 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  31. 31.One clay diya costs ₹48 to make and Kabir sells it for ₹60. What is the markup in percent?
  32. 32.One handmade card costs ₹60 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹30 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹30 to make and Aarav sells it for ₹45. What is the markup in percent?
  35. 35.One clay diya costs ₹40 to make and Lakshmi sells it for ₹80. What is the markup in percent?
  36. 36.One paper bookmark costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹14 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹32 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 100
  2. 36
  3. 87
  4. 3
  5. 51
  6. 50
  7. 11
  8. 55
  9. 25
  10. 48
  11. 10
  12. 10
  13. 50
  14. 36
  15. 60
  16. what buyers will pay
  17. 20
  18. cost + a markup
  19. 22
  20. 10
  21. 20
  22. 3
  23. 11
  24. 20
  25. 33
  26. 1
  27. 100
  28. 49
  29. 10
  30. a loss
  31. 25
  32. 15
  33. 3
  34. 50
  35. 100
  36. 35
  37. 21
  38. 8
  39. 45
  40. 2

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