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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 678 · 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 jute bag costs ₹56 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  3. 3.One jute bag costs ₹56 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹16 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One cup of lemonade costs ₹24 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹46 to make and Saanvi sells it for ₹92. What is the markup in percent?
  9. 9.One potted plant costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  11. 11.One potted plant costs ₹44 to make and Joseph sells it for ₹55. What is the markup in percent?
  12. 12.One clay diya costs ₹40 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹16 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹24 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  19. 19.One jute bag costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹36 to make and Aarav sells it for ₹54. What is the markup in percent?
  21. 21.One potted plant costs ₹20 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹15 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹60 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹10 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹36 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  29. 29.One fruit cup costs ₹45 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹50 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹24 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹49 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  34. 34.One handmade card costs ₹58 to make and Riya sells it for ₹87. What is the markup in percent?
  35. 35.One fruit cup costs ₹20 to make and Rohan sells it for ₹30. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹39 to make and Dev sells it for ₹78. What is the markup in percent?
  37. 37.One painted pebble costs ₹47 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  39. 39.One friendship band costs ₹29 to make and Ishaan sells it for ₹58. What is the markup in percent?
  40. 40.One jute bag costs ₹48 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 14
  2. 10 rupees
  3. 28
  4. 66
  5. 4
  6. 6
  7. 6
  8. 100
  9. 44
  10. cost + a markup
  11. 25
  12. 44
  13. 4
  14. 4
  15. 3
  16. 1
  17. 30
  18. what buyers will pay
  19. 11
  20. 50
  21. 4
  22. 25
  23. 18
  24. 75
  25. 10
  26. 15
  27. 9
  28. 20
  29. 9
  30. 60
  31. 24
  32. 49
  33. a loss
  34. 50
  35. 50
  36. 100
  37. 94
  38. 25
  39. 100
  40. 60

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