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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 6 · 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 handmade card costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  2. 2.One fruit cup costs ₹60 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  4. 4.One paper bookmark costs ₹52 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹60 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹49 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹28 to make and Kabir sells it for ₹42. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  10. 10.One handmade card costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹40 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹28 to make and Vihaan sells it for ₹42. What is the markup in percent?
  15. 15.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  16. 16.One handmade card costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹28 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹45 to make and Kavya sells it for ₹54. What is the markup in percent?
  19. 19.One friendship band costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹28 to make and Kabir sells it for ₹42. What is the markup in percent?
  21. 21.One painted pebble costs ₹12 to make and Joseph sells it for ₹15. What is the markup in percent?
  22. 22.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  23. 23.One cup of lemonade costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹24 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹15 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹58 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹44 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹54 to make and Farhan sells it for ₹108. What is the markup in percent?
  30. 30.One paper bookmark costs ₹55 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹26 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹46 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  34. 34.One potted plant costs ₹28 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹44 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹56 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹30 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹16 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹18 to make. Riya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 12
  3. a loss
  4. 26
  5. 66
  6. 98
  7. 10
  8. 50
  9. 10 rupees
  10. 13
  11. 11
  12. 1
  13. 50
  14. 50
  15. cost + a markup
  16. 4
  17. 42
  18. 20
  19. 6
  20. 50
  21. 25
  22. what buyers will pay
  23. 42
  24. 30
  25. 18
  26. 58
  27. 11
  28. 66
  29. 100
  30. 110
  31. 39
  32. 92
  33. 10
  34. 7
  35. 24
  36. 11
  37. 84
  38. 36
  39. 20
  40. 27

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