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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 636 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  2. 2.One friendship band costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹28 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One painted pebble costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  5. 5.One handmade card costs ₹45 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹22 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One cupcake costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  9. 9.One glass of chai costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹27 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹52 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  15. 15.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  16. 16.One clay diya costs ₹16 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  18. 18.One cupcake costs ₹55 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹10 to make and Nisha sells it for ₹11. What is the markup in percent?
  20. 20.One fruit cup costs ₹48 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹30 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹20 to make and Tara sells it for ₹25. What is the markup in percent?
  23. 23.One painted pebble costs ₹13 to make and Ananya sells it for ₹26. What is the markup in percent?
  24. 24.One cupcake costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹32 to make and Gurpreet sells it for ₹40. What is the markup in percent?
  27. 27.One paper bookmark costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹10 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹42 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹10 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹18 to make and Nisha sells it for ₹36. What is the markup in percent?
  32. 32.One jute bag costs ₹36 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹44 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹15 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹26 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹52 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹50 to make and Ishaan sells it for ₹75. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹44 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹38 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 66
  3. 35
  4. 10
  5. 9
  6. 44
  7. 66
  8. 10
  9. 1
  10. 66
  11. 54
  12. 13
  13. 11
  14. what buyers will pay
  15. cost + a markup
  16. 8
  17. a loss
  18. 66
  19. 10
  20. 72
  21. 6
  22. 25
  23. 100
  24. 44
  25. 6
  26. 25
  27. 22
  28. 20
  29. 21
  30. 5
  31. 100
  32. 45
  33. 11
  34. 15
  35. 4
  36. 26
  37. 104
  38. 50
  39. 66
  40. 38

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