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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 518 · 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 ₹60 to make and Rohan sells it for ₹72. What is the markup in percent?
  2. 2.One paper bookmark costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One clay diya costs ₹46 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  5. 5.One fruit cup costs ₹11 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹25 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  8. 8.One bag of popcorn costs ₹34 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  10. 10.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  11. 11.One fruit cup costs ₹56 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  13. 13.One friendship band costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  14. 14.One handmade card costs ₹56 to make and Zoya sells it for ₹70. What is the markup in percent?
  15. 15.One paper bookmark costs ₹30 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹25 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹60 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹29 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹26 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹22 to make and Nisha sells it for ₹33. What is the markup in percent?
  21. 21.One jute bag costs ₹26 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹22 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹35 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹14 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹34 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹60 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹15 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹11 to make and Arjun sells it for ₹22. What is the markup in percent?
  33. 33.One fruit cup costs ₹14 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹40 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹28 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹52 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹25 to make and Ananya sells it for ₹30. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹48 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹48 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 20
  2. 4
  3. 46
  4. a loss
  5. 22
  6. 5
  7. 10 rupees
  8. 51
  9. what buyers will pay
  10. cost + a markup
  11. 56
  12. 10
  13. 10
  14. 25
  15. 15
  16. 5
  17. 6
  18. 29
  19. 13
  20. 50
  21. 39
  22. 11
  23. 7
  24. 33
  25. 75
  26. 21
  27. 17
  28. 1
  29. 33
  30. 12
  31. 15
  32. 100
  33. 21
  34. 10
  35. 28
  36. 78
  37. 20
  38. 96
  39. 60
  40. 2

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