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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 545 · 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 ₹22 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹44 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹45 to make and Meera sells it for ₹54. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹15 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  6. 6.One handmade card costs ₹40 to make and Joseph sells it for ₹50. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  8. 8.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  9. 9.One paper bookmark costs ₹48 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹20 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  13. 13.One bag of popcorn costs ₹60 to make and Arjun sells it for ₹90. What is the markup in percent?
  14. 14.One clay diya costs ₹56 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹11 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹50 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹36 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹16 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹40 to make and Kavya sells it for ₹48. What is the markup in percent?
  23. 23.One friendship band costs ₹48 to make and Farhan sells it for ₹60. What is the markup in percent?
  24. 24.One clay diya costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹32 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹16 to make and Arjun sells it for ₹24. What is the markup in percent?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  28. 28.One painted pebble costs ₹54 to make and Kabir sells it for ₹81. What is the markup in percent?
  29. 29.One cupcake costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹24 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹21 to make and Aarav sells it for ₹42. What is the markup in percent?
  34. 34.One cupcake costs ₹58 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹52 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹28 to make and Meera sells it for ₹56. What is the markup in percent?
  38. 38.One friendship band costs ₹58 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?

Answer key

  1. 44
  2. 11
  3. 20
  4. 15
  5. 10
  6. 25
  7. what buyers will pay
  8. a loss
  9. 12
  10. 24
  11. 1
  12. cost + a markup
  13. 50
  14. 14
  15. 22
  16. 60
  17. 7
  18. 22
  19. 50
  20. 45
  21. 4
  22. 20
  23. 25
  24. 22
  25. 8
  26. 50
  27. 10 rupees
  28. 50
  29. 22
  30. 4
  31. 6
  32. 30
  33. 100
  34. 116
  35. 26
  36. 4
  37. 100
  38. 87
  39. 13
  40. 10

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