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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 591 · 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 ₹51 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹44 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹16 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One paper bookmark costs ₹20 to make and Kavya sells it for ₹24. What is the markup in percent?
  5. 5.One clay diya costs ₹42 to make and Lakshmi sells it for ₹63. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹56 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹56 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹16 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  11. 11.One cup of lemonade costs ₹12 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹40 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹15 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹42 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹10 to make and Zoya sells it for ₹12. What is the markup in percent?
  16. 16.One handmade card costs ₹54 to make and Gurpreet sells it for ₹81. What is the markup in percent?
  17. 17.One clay diya costs ₹20 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹16 to make and Dev sells it for ₹24. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹39 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  21. 21.One handmade card costs ₹15 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹35 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  24. 24.One clay diya costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹43 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹49 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One friendship band costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹57 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹20 to make and Arjun sells it for ₹25. What is the markup in percent?
  31. 31.One clay diya costs ₹48 to make and Rohan sells it for ₹60. What is the markup in percent?
  32. 32.One jute bag costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  34. 34.One paper bookmark costs ₹12 to make and Nisha sells it for ₹15. What is the markup in percent?
  35. 35.One clay diya costs ₹19 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹41 to make and Ananya sells it for ₹82. What is the markup in percent?
  37. 37.One friendship band costs ₹40 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  38. 38.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  39. 39.One friendship band costs ₹24 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹32 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 102
  2. 55
  3. 24
  4. 20
  5. 50
  6. 70
  7. 15
  8. 84
  9. 24
  10. 10 rupees
  11. 3
  12. 48
  13. 3
  14. 63
  15. 20
  16. 50
  17. 40
  18. 50
  19. 39
  20. a loss
  21. 3
  22. 7
  23. cost + a markup
  24. 10
  25. 43
  26. 49
  27. 2
  28. 15
  29. 114
  30. 25
  31. 25
  32. 5
  33. 10
  34. 25
  35. 38
  36. 100
  37. 48
  38. what buyers will pay
  39. 6
  40. 16

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