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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 520 · 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.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  2. 2.One handmade card costs ₹20 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹44 to make and Ananya sells it for ₹88. What is the markup in percent?
  4. 4.One paper bookmark costs ₹40 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One cupcake costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹40 to make. Saanvi adds a 25% 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) 5 rupees (d) 10 rupees
  8. 8.One jute bag costs ₹15 to make and Kavya sells it for ₹18. What is the markup in percent?
  9. 9.One handmade card costs ₹48 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One jute bag costs ₹38 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹40 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  13. 13.One painted pebble costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹12 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹44 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹12 to make and Farhan sells it for ₹24. What is the markup in percent?
  17. 17.One painted pebble costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹24 to make and Arjun sells it for ₹36. What is the markup in percent?
  19. 19.One paper bookmark costs ₹12 to make and Meera sells it for ₹15. What is the markup in percent?
  20. 20.One clay diya costs ₹22 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹16 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹20 to make and Dev sells it for ₹24. What is the markup in percent?
  23. 23.One potted plant costs ₹30 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹48 to make and Kavya sells it for ₹60. What is the markup in percent?
  26. 26.One glass of chai costs ₹26 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹18 to make and Diya sells it for ₹27. What is the markup in percent?
  28. 28.One paper bookmark costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹20 to make and Kabir sells it for ₹25. What is the markup in percent?
  30. 30.One jute bag costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹58 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹60 to make and Kabir sells it for ₹72. What is the markup in percent?
  33. 33.One potted plant costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  35. 35.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  36. 36.One bag of popcorn costs ₹56 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹26 to make and Joseph sells it for ₹52. What is the markup in percent?
  39. 39.One handmade card costs ₹60 to make and Riya sells it for ₹75. What is the markup in percent?
  40. 40.One jute bag costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 5
  3. 100
  4. 8
  5. 22
  6. 10
  7. 10 rupees
  8. 20
  9. 60
  10. 76
  11. 60
  12. a loss
  13. 40
  14. 3
  15. 55
  16. 100
  17. 30
  18. 50
  19. 25
  20. 33
  21. 4
  22. 20
  23. 45
  24. 1
  25. 25
  26. 39
  27. 50
  28. 4
  29. 25
  30. 11
  31. 87
  32. 20
  33. 54
  34. 10
  35. what buyers will pay
  36. 70
  37. 33
  38. 100
  39. 25
  40. 55

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