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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 504 · 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) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  2. 2.One handmade card costs ₹15 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  4. 4.One fruit cup costs ₹10 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹19 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹21 to make and Kabir sells it for ₹42. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹38 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹20 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  10. 10.One jute bag costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  12. 12.One fruit cup costs ₹35 to make and Ishaan sells it for ₹42. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹10 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  15. 15.One glass of chai costs ₹36 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹16 to make and Dev sells it for ₹20. What is the markup in percent?
  17. 17.One potted plant costs ₹16 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹58 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹36 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹48 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹20 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹36 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  24. 24.One potted plant costs ₹44 to make and Vihaan sells it for ₹66. What is the markup in percent?
  25. 25.One handmade card costs ₹54 to make and Dev sells it for ₹108. What is the markup in percent?
  26. 26.One cupcake costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹44 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹48 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  31. 31.One painted pebble costs ₹24 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹37 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹10 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹46 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. 3
  3. what buyers will pay
  4. 12
  5. 38
  6. 100
  7. 38
  8. 24
  9. 10
  10. 3
  11. cost + a markup
  12. 20
  13. 12
  14. a loss
  15. 9
  16. 25
  17. 4
  18. 33
  19. 87
  20. 9
  21. 12
  22. 40
  23. 50
  24. 50
  25. 100
  26. 25
  27. 66
  28. 60
  29. 12
  30. 10
  31. 30
  32. 4
  33. 5
  34. 74
  35. 12
  36. 69
  37. 7
  38. 10
  39. 33
  40. 11

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