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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 683 · 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) 50 rupees (c) 5 rupees (d) 10 rupees
  2. 2.One cup of lemonade costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹30 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹35 to make and Farhan sells it for ₹42. What is the markup in percent?
  5. 5.One jute bag costs ₹25 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  7. 7.One handmade card costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹33 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹60 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹35 to make and Ishaan sells it for ₹42. What is the markup in percent?
  11. 11.One jute bag costs ₹60 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  13. 13.One glass of chai costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹38 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹60 to make and Dev sells it for ₹72. What is the markup in percent?
  16. 16.One jute bag costs ₹40 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹40 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  18. 18.One jute bag costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹12 to make and Diya sells it for ₹24. What is the markup in percent?
  20. 20.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  21. 21.One handmade card costs ₹50 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  22. 22.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  23. 23.One clay diya costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  24. 24.One handmade card costs ₹58 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹36 to make and Nisha sells it for ₹45. What is the markup in percent?
  26. 26.One friendship band costs ₹46 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹46 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹56 to make and Kavya sells it for ₹84. What is the markup in percent?
  30. 30.One glass of chai costs ₹55 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  32. 32.One clay diya costs ₹26 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹12 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹27 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹28 to make and Farhan sells it for ₹42. What is the markup in percent?
  36. 36.One clay diya costs ₹55 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹51 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹20 to make and Riya sells it for ₹40. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹22 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 33
  3. 6
  4. 20
  5. 5
  6. what buyers will pay
  7. 10
  8. 33
  9. 60
  10. 20
  11. 90
  12. 10
  13. 66
  14. 19
  15. 20
  16. 60
  17. 20
  18. 11
  19. 100
  20. cost + a markup
  21. 60
  22. a loss
  23. 20
  24. 58
  25. 25
  26. 46
  27. 33
  28. 46
  29. 50
  30. 11
  31. 10
  32. 26
  33. 24
  34. 27
  35. 50
  36. 55
  37. 102
  38. 20
  39. 100
  40. 11

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