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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 595 · 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 ₹10 to make and Lakshmi sells it for ₹12. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹56 to make and Diya sells it for ₹70. What is the markup in percent?
  3. 3.One handmade card costs ₹40 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  5. 5.One potted plant costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  6. 6.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  7. 7.One jute bag costs ₹23 to make and Kabir sells it for ₹46. What is the markup in percent?
  8. 8.One jute bag costs ₹46 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One fruit cup costs ₹56 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹15 to make and Ishaan sells it for ₹18. What is the markup in percent?
  11. 11.One glass of chai costs ₹28 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹32 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹52 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  15. 15.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  16. 16.One painted pebble costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹16 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  19. 19.One cup of lemonade costs ₹30 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹36 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹20 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹30 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹32 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹59 to make and Aarav sells it for ₹118. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹59 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹53 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹58 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹10 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  30. 30.One paper bookmark costs ₹23 to make and Kavya sells it for ₹46. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹48 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One potted plant costs ₹20 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹10 to make and Kabir sells it for ₹20. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  37. 37.One fruit cup costs ₹24 to make and Rohan sells it for ₹48. What is the markup in percent?
  38. 38.One glass of chai costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?

Answer key

  1. 20
  2. 25
  3. 8
  4. 10 rupees
  5. 10
  6. cost + a markup
  7. 100
  8. 69
  9. 84
  10. 20
  11. 42
  12. 48
  13. 33
  14. 65
  15. what buyers will pay
  16. 10
  17. 4
  18. a loss
  19. 6
  20. 9
  21. 10
  22. 30
  23. 8
  24. 1
  25. 100
  26. 118
  27. 106
  28. 87
  29. 50
  30. 100
  31. 12
  32. 4
  33. 6
  34. 100
  35. 66
  36. 10
  37. 100
  38. 7
  39. 24
  40. 10

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