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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 523 · 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 jute bag costs ₹46 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  3. 3.One cup of lemonade costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹20 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹60 to make and Vihaan sells it for ₹90. What is the markup in percent?
  6. 6.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  7. 7.One fruit cup costs ₹52 to make and Gurpreet sells it for ₹78. What is the markup in percent?
  8. 8.One glass of chai costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  10. 10.One handmade card costs ₹18 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹48 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹52 to make and Vihaan sells it for ₹104. What is the markup in percent?
  15. 15.One glass of chai costs ₹45 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹43 to make and Tara sells it for ₹86. What is the markup in percent?
  17. 17.One painted pebble costs ₹16 to make and Diya sells it for ₹20. What is the markup in percent?
  18. 18.One clay diya costs ₹22 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹60 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹35 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹14 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  23. 23.One handmade card costs ₹44 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹24 to make and Joseph sells it for ₹30. What is the markup in percent?
  25. 25.One clay diya costs ₹55 to make and Dev sells it for ₹66. What is the markup in percent?
  26. 26.One paper bookmark costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  27. 27.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  28. 28.One jute bag costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  29. 29.One potted plant costs ₹14 to make and Gurpreet sells it for ₹28. What is the markup in percent?
  30. 30.One jute bag costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  31. 31.One clay diya costs ₹35 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹58 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹34 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹20 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹35 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  38. 38.One jute bag costs ₹12 to make and Meera sells it for ₹15. What is the markup in percent?
  39. 39.One painted pebble costs ₹24 to make and Kabir sells it for ₹30. What is the markup in percent?
  40. 40.One painted pebble costs ₹16 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 69
  2. 10 rupees
  3. 33
  4. 24
  5. 50
  6. cost + a markup
  7. 50
  8. 44
  9. a loss
  10. 18
  11. 33
  12. 44
  13. 12
  14. 100
  15. 9
  16. 100
  17. 25
  18. 22
  19. 30
  20. 7
  21. 14
  22. 10
  23. 22
  24. 25
  25. 20
  26. 10
  27. what buyers will pay
  28. 10
  29. 100
  30. 10
  31. 42
  32. 58
  33. 34
  34. 66
  35. 2
  36. 7
  37. 10
  38. 25
  39. 25
  40. 8

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