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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 574 · 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 clay diya costs ₹44 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹24 to make and Ananya sells it for ₹30. What is the markup in percent?
  3. 3.One friendship band costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  5. 5.One paper bookmark costs ₹46 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  8. 8.One glass of chai costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹21 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹35 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹26 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹26 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹48 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹28 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  20. 20.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  21. 21.One painted pebble costs ₹56 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹48 to make and Meera sells it for ₹72. What is the markup in percent?
  23. 23.One painted pebble costs ₹30 to make and Meera sells it for ₹36. What is the markup in percent?
  24. 24.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  25. 25.One clay diya costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹60 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹25 to make and Dev sells it for ₹30. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹16 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹11 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One clay diya costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹44 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹30 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  35. 35.One cupcake costs ₹52 to make and Ishaan sells it for ₹104. What is the markup in percent?
  36. 36.One glass of chai costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  37. 37.One handmade card costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹28 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 11
  2. 25
  3. 6
  4. 10
  5. 69
  6. 36
  7. cost + a markup
  8. 10
  9. 21
  10. 24
  11. 3
  12. 7
  13. 3
  14. 39
  15. 13
  16. 4
  17. 12
  18. 7
  19. 10 rupees
  20. a loss
  21. 14
  22. 50
  23. 20
  24. what buyers will pay
  25. 55
  26. 75
  27. 20
  28. 48
  29. 4
  30. 11
  31. 50
  32. 55
  33. 6
  34. 10
  35. 100
  36. 10
  37. 4
  38. 10
  39. 5
  40. 14

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