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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 624 · 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 clay diya costs ₹10 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  3. 3.One painted pebble costs ₹52 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  5. 5.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  6. 6.One friendship band costs ₹10 to make and Nisha sells it for ₹11. What is the markup in percent?
  7. 7.One paper bookmark costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  9. 9.One handmade card costs ₹54 to make and Vihaan sells it for ₹108. What is the markup in percent?
  10. 10.One paper bookmark costs ₹51 to make and Saanvi sells it for ₹102. What is the markup in percent?
  11. 11.One potted plant costs ₹36 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹34 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  14. 14.One handmade card costs ₹56 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹52 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹26 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹50 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One clay diya costs ₹18 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  22. 22.One cupcake costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹40 to make and Vihaan sells it for ₹50. What is the markup in percent?
  24. 24.One cupcake costs ₹28 to make and Meera sells it for ₹35. What is the markup in percent?
  25. 25.One cupcake costs ₹32 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹52 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹50 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  31. 31.One fruit cup costs ₹11 to make and Zoya sells it for ₹22. What is the markup in percent?
  32. 32.One clay diya costs ₹56 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹14 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹30 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹24 to make and Ananya sells it for ₹30. What is the markup in percent?
  36. 36.One paper bookmark costs ₹40 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹23 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹60 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹10 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹16 to make and Zoya sells it for ₹20. What is the markup in percent?

Answer key

  1. 5
  2. what buyers will pay
  3. 65
  4. 10 rupees
  5. a loss
  6. 10
  7. 5
  8. cost + a markup
  9. 100
  10. 100
  11. 45
  12. 17
  13. 10
  14. 28
  15. 65
  16. 39
  17. 66
  18. 10
  19. 36
  20. 72
  21. 10
  22. 11
  23. 25
  24. 25
  25. 8
  26. 13
  27. 100
  28. 12
  29. 4
  30. 10
  31. 100
  32. 84
  33. 7
  34. 45
  35. 25
  36. 60
  37. 46
  38. 15
  39. 2
  40. 25

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