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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 648 · 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 ₹60 to make and Arjun sells it for ₹66. What is the markup in percent?
  2. 2.One potted plant costs ₹27 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  5. 5.One handmade card costs ₹19 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹28 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹40 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹42 to make and Ishaan sells it for ₹63. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹52 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One clay diya costs ₹32 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹17 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹25 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  13. 13.One cupcake costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹54 to make and Riya sells it for ₹108. What is the markup in percent?
  16. 16.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  17. 17.One cup of lemonade costs ₹25 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹22 to make and Nisha sells it for ₹33. What is the markup in percent?
  19. 19.One paper bookmark costs ₹60 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹44 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹20 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹24 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹51 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹34 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  28. 28.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  29. 29.One potted plant costs ₹38 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  31. 31.One fruit cup costs ₹40 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹50 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹36 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹20 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹12 to make and Tara sells it for ₹15. What is the markup in percent?
  40. 40.One potted plant costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?

Answer key

  1. 10
  2. 54
  3. 42
  4. a loss
  5. 19
  6. 56
  7. 50
  8. 50
  9. 13
  10. 48
  11. 17
  12. 20
  13. 22
  14. 2
  15. 100
  16. cost + a markup
  17. 30
  18. 50
  19. 12
  20. 7
  21. 88
  22. 33
  23. 5
  24. 30
  25. 51
  26. 50
  27. 68
  28. 10 rupees
  29. 38
  30. what buyers will pay
  31. 20
  32. 11
  33. 25
  34. 30
  35. 54
  36. 10
  37. 20
  38. 2
  39. 25
  40. 10

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