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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 640 · 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 ₹52 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹25 to make and Tara sells it for ₹50. What is the markup in percent?
  3. 3.One friendship band costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  4. 4.One jute bag costs ₹52 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹25 to make and Riya sells it for ₹50. What is the markup in percent?
  6. 6.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  8. 8.One clay diya costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  10. 10.One handmade card costs ₹48 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  12. 12.One paper bookmark costs ₹20 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹20 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹22 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One potted plant costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹20 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹29 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹26 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹55 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹36 to make and Gurpreet sells it for ₹54. What is the markup in percent?
  22. 22.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  23. 23.One jute bag costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹44 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹20 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹44 to make and Ananya sells it for ₹55. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹36 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹43 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹30 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  33. 33.One fruit cup costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹17 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹42 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹14 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹55 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹50 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 78
  2. 100
  3. 10
  4. 65
  5. 100
  6. cost + a markup
  7. 10 rupees
  8. 10
  9. 10
  10. 24
  11. what buyers will pay
  12. 25
  13. 20
  14. 11
  15. 14
  16. 2
  17. 22
  18. 58
  19. 13
  20. 11
  21. 50
  22. a loss
  23. 11
  24. 55
  25. 66
  26. 24
  27. 25
  28. 33
  29. 54
  30. 43
  31. 6
  32. 10
  33. 2
  34. 17
  35. 45
  36. 63
  37. 7
  38. 66
  39. 66
  40. 60

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