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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 689 · 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 ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  3. 3.One jute bag costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹48 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  6. 6.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  7. 7.One potted plant costs ₹15 to make and Meera sells it for ₹18. What is the markup in percent?
  8. 8.One paper bookmark costs ₹22 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹60 to make and Kavya sells it for ₹90. What is the markup in percent?
  10. 10.One handmade card costs ₹25 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  12. 12.One clay diya costs ₹60 to make and Zoya sells it for ₹75. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  14. 14.One glass of chai costs ₹10 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹33 to make and Kabir sells it for ₹66. What is the markup in percent?
  16. 16.One clay diya costs ₹40 to make and Farhan sells it for ₹50. What is the markup in percent?
  17. 17.One handmade card costs ₹16 to make and Saanvi sells it for ₹20. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹26 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹21 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹60 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹37 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹20 to make and Nisha sells it for ₹25. What is the markup in percent?
  25. 25.One paper bookmark costs ₹60 to make and Zoya sells it for ₹90. What is the markup in percent?
  26. 26.One painted pebble costs ₹20 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹14 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹54 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹40 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹31 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹46 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹40 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹11 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹58 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹28 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹35 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹24 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹45 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 20
  2. 10 rupees
  3. 55
  4. 60
  5. cost + a markup
  6. what buyers will pay
  7. 20
  8. 11
  9. 50
  10. 5
  11. a loss
  12. 25
  13. 20
  14. 15
  15. 100
  16. 25
  17. 25
  18. 52
  19. 21
  20. 75
  21. 37
  22. 10
  23. 3
  24. 25
  25. 50
  26. 4
  27. 7
  28. 54
  29. 60
  30. 31
  31. 66
  32. 46
  33. 20
  34. 22
  35. 22
  36. 58
  37. 42
  38. 7
  39. 48
  40. 9

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