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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 589 · 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.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  2. 2.One painted pebble costs ₹60 to make and Arjun sells it for ₹75. What is the markup in percent?
  3. 3.One jute bag costs ₹49 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹60 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹22 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  7. 7.One clay diya costs ₹40 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One fruit cup costs ₹27 to make and Vihaan sells it for ₹54. What is the markup in percent?
  9. 9.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  10. 10.One handmade card costs ₹20 to make and Tara sells it for ₹24. What is the markup in percent?
  11. 11.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  12. 12.One friendship band costs ₹15 to make and Dev sells it for ₹18. What is the markup in percent?
  13. 13.One friendship band costs ₹48 to make and Farhan sells it for ₹72. What is the markup in percent?
  14. 14.One paper bookmark costs ₹44 to make and Tara sells it for ₹88. What is the markup in percent?
  15. 15.One handmade card costs ₹40 to make and Saanvi sells it for ₹60. What is the markup in percent?
  16. 16.One fruit cup costs ₹42 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹25 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹22 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹32 to make and Ishaan sells it for ₹48. What is the markup in percent?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  22. 22.One cupcake costs ₹19 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹16 to make and Nisha sells it for ₹32. What is the markup in percent?
  24. 24.One paper bookmark costs ₹56 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹18 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹56 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹60 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹48 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹24 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  32. 32.One painted pebble costs ₹16 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹21 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹12 to make and Kabir sells it for ₹15. What is the markup in percent?
  36. 36.One handmade card costs ₹20 to make and Rohan sells it for ₹30. What is the markup in percent?
  37. 37.One fruit cup costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  38. 38.One jute bag costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  39. 39.One handmade card costs ₹50 to make and Arjun sells it for ₹55. What is the markup in percent?
  40. 40.One friendship band costs ₹40 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 25
  3. 98
  4. 60
  5. 11
  6. 10
  7. 20
  8. 100
  9. cost + a markup
  10. 20
  11. what buyers will pay
  12. 20
  13. 50
  14. 100
  15. 50
  16. 21
  17. 1
  18. 30
  19. 33
  20. 50
  21. 10 rupees
  22. 19
  23. 100
  24. 84
  25. 9
  26. 70
  27. 75
  28. 12
  29. 36
  30. 66
  31. 10
  32. 20
  33. 12
  34. 21
  35. 25
  36. 50
  37. 10
  38. 10
  39. 10
  40. 8

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