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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 588 · 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 ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  3. 3.One handmade card costs ₹60 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹14 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  8. 8.One clay diya costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  9. 9.One cupcake costs ₹40 to make and Farhan sells it for ₹48. What is the markup in percent?
  10. 10.One clay diya costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹40 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹57 to make and Nisha sells it for ₹114. What is the markup in percent?
  14. 14.One jute bag costs ₹16 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹30 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹10 to make and Lakshmi sells it for ₹12. What is the markup in percent?
  18. 18.One cupcake costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹32 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹25 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  24. 24.One glass of chai costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹20 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  27. 27.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  28. 28.One cupcake costs ₹40 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?
  30. 30.One clay diya costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹12 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹40 to make and Zoya sells it for ₹48. What is the markup in percent?
  35. 35.One painted pebble costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  36. 36.One painted pebble costs ₹21 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  38. 38.One painted pebble costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹58 to make and Ananya sells it for ₹87. What is the markup in percent?
  40. 40.One clay diya costs ₹52 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 66
  2. cost + a markup
  3. 75
  4. 28
  5. 1
  6. 44
  7. 10 rupees
  8. 10
  9. 20
  10. 11
  11. 10
  12. 50
  13. 100
  14. 16
  15. 6
  16. 5
  17. 20
  18. 10
  19. 48
  20. 2
  21. 50
  22. 4
  23. what buyers will pay
  24. 11
  25. 20
  26. 40
  27. a loss
  28. 10
  29. 50
  30. 55
  31. 22
  32. 3
  33. 11
  34. 20
  35. 10
  36. 42
  37. 10
  38. 36
  39. 50
  40. 104

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