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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 673 · 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) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  2. 2.One glass of chai costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  3. 3.One paper bookmark costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One potted plant costs ₹20 to make and Meera sells it for ₹24. What is the markup in percent?
  5. 5.One friendship band costs ₹24 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹43 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One cupcake costs ₹48 to make and Aarav sells it for ₹72. What is the markup in percent?
  8. 8.One cupcake costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  10. 10.One potted plant costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  12. 12.One jute bag costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One bag of popcorn costs ₹55 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹45 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  16. 16.One glass of chai costs ₹15 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹40 to make and Saanvi sells it for ₹48. What is the markup in percent?
  18. 18.One glass of chai costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹20 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹40 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹22 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹14 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹32 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹38 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹48 to make and Ishaan sells it for ₹60. What is the markup in percent?
  28. 28.One potted plant costs ₹44 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹35 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹28 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹20 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹16 to make and Dev sells it for ₹32. What is the markup in percent?
  34. 34.One glass of chai costs ₹44 to make and Meera sells it for ₹55. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹44 to make and Ananya sells it for ₹88. What is the markup in percent?
  37. 37.One paper bookmark costs ₹45 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹38 to make and Meera sells it for ₹76. What is the markup in percent?
  39. 39.One clay diya costs ₹15 to make and Nisha sells it for ₹18. What is the markup in percent?
  40. 40.One fruit cup costs ₹37 to make and Kavya sells it for ₹74. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 10
  3. 6
  4. 20
  5. 36
  6. 86
  7. 50
  8. 22
  9. cost + a markup
  10. 2
  11. a loss
  12. 5
  13. 11
  14. 9
  15. what buyers will pay
  16. 3
  17. 20
  18. 5
  19. 25
  20. 4
  21. 33
  22. 20
  23. 11
  24. 21
  25. 48
  26. 76
  27. 25
  28. 11
  29. 42
  30. 6
  31. 35
  32. 24
  33. 100
  34. 25
  35. 1
  36. 100
  37. 54
  38. 100
  39. 20
  40. 100

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