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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 623 · 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 fruit cup costs ₹43 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One fruit cup costs ₹50 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  3. 3.One clay diya costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  5. 5.One clay diya costs ₹12 to make and Dev sells it for ₹18. What is the markup in percent?
  6. 6.One painted pebble costs ₹46 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One bag of popcorn costs ₹57 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹16 to make and Arjun sells it for ₹20. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  10. 10.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  11. 11.One handmade card costs ₹52 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹44 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  14. 14.One friendship band costs ₹34 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  15. 15.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  16. 16.One cupcake costs ₹38 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹56 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹42 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹36 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹57 to make and Gurpreet sells it for ₹114. What is the markup in percent?
  23. 23.One jute bag costs ₹32 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹24 to make and Aarav sells it for ₹48. What is the markup in percent?
  26. 26.One potted plant costs ₹24 to make and Kavya sells it for ₹30. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹25 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹40 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹44 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹10 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹26 to make and Gurpreet sells it for ₹39. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹50 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹30 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹52 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹22 to make and Kabir sells it for ₹44. What is the markup in percent?
  39. 39.One jute bag costs ₹40 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹32 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 43
  2. 20
  3. 75
  4. 20
  5. 50
  6. 69
  7. 114
  8. 25
  9. 10 rupees
  10. a loss
  11. 65
  12. 11
  13. cost + a markup
  14. 51
  15. what buyers will pay
  16. 19
  17. 24
  18. 112
  19. 21
  20. 18
  21. 75
  22. 100
  23. 16
  24. 10
  25. 100
  26. 25
  27. 55
  28. 5
  29. 50
  30. 66
  31. 5
  32. 50
  33. 60
  34. 36
  35. 2
  36. 4
  37. 26
  38. 100
  39. 8
  40. 16

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