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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 650 · 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 Rohan sells it for ₹72. What is the markup in percent?
  2. 2.One handmade card costs ₹44 to make and Nisha sells it for ₹55. What is the markup in percent?
  3. 3.One clay diya costs ₹60 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  5. 5.One paper bookmark costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  6. 6.One glass of chai costs ₹26 to make and Tara sells it for ₹39. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  8. 8.One painted pebble costs ₹32 to make and Kabir sells it for ₹48. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹39 to make and Meera sells it for ₹78. What is the markup in percent?
  10. 10.One fruit cup costs ₹36 to make and Kabir sells it for ₹45. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹15 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  13. 13.One jute bag costs ₹54 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  15. 15.One painted pebble costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  17. 17.One glass of chai costs ₹18 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹35 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹35 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹50 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹29 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹30 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One jute bag costs ₹32 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹60 to make and Rohan sells it for ₹72. What is the markup in percent?
  30. 30.One friendship band costs ₹38 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹35 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹50 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹47 to make and Dev sells it for ₹94. What is the markup in percent?
  34. 34.One glass of chai costs ₹12 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹25 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹28 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 25
  3. 30
  4. cost + a markup
  5. 10
  6. 50
  7. what buyers will pay
  8. 50
  9. 100
  10. 25
  11. 15
  12. 10 rupees
  13. 81
  14. 10
  15. 55
  16. a loss
  17. 27
  18. 7
  19. 42
  20. 6
  21. 7
  22. 75
  23. 2
  24. 58
  25. 10
  26. 3
  27. 2
  28. 48
  29. 20
  30. 76
  31. 7
  32. 25
  33. 100
  34. 15
  35. 5
  36. 48
  37. 25
  38. 50
  39. 20
  40. 35

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