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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 675 · 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) 50 rupees (d) 5 rupees
  2. 2.One friendship band costs ₹45 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹44 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹32 to make and Saanvi sells it for ₹40. What is the markup in percent?
  6. 6.One paper bookmark costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  7. 7.One paper bookmark costs ₹10 to make and Ishaan sells it for ₹20. What is the markup in percent?
  8. 8.One paper bookmark costs ₹25 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹60 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹12 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  12. 12.One potted plant costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹30 to make and Tara sells it for ₹36. What is the markup in percent?
  14. 14.One potted plant costs ₹49 to make and Rohan sells it for ₹98. What is the markup in percent?
  15. 15.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  16. 16.One friendship band costs ₹44 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹60 to make and Saanvi sells it for ₹120. What is the markup in percent?
  18. 18.One fruit cup costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One bag of popcorn costs ₹24 to make and Arjun sells it for ₹48. What is the markup in percent?
  20. 20.One friendship band costs ₹46 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One cupcake costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹20 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  24. 24.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  25. 25.One fruit cup costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹22 to make and Vihaan sells it for ₹33. What is the markup in percent?
  27. 27.One handmade card costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹58 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹30 to make and Vihaan sells it for ₹45. What is the markup in percent?
  31. 31.One fruit cup costs ₹41 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹35 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹45 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  35. 35.One handmade card costs ₹14 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹28 to make and Tara sells it for ₹56. What is the markup in percent?
  38. 38.One handmade card costs ₹11 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹50 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 54
  3. 22
  4. 66
  5. 25
  6. 10
  7. 100
  8. 30
  9. 75
  10. 18
  11. what buyers will pay
  12. 7
  13. 20
  14. 100
  15. cost + a markup
  16. 44
  17. 100
  18. 3
  19. 100
  20. 23
  21. 11
  22. 20
  23. 24
  24. a loss
  25. 10
  26. 50
  27. 24
  28. 29
  29. 66
  30. 50
  31. 82
  32. 42
  33. 54
  34. 25
  35. 7
  36. 2
  37. 100
  38. 22
  39. 4
  40. 10

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