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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 701 · 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 cupcake costs ₹16 to make and Vihaan sells it for ₹20. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  3. 3.One handmade card costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹58 to make and Farhan sells it for ₹87. What is the markup in percent?
  5. 5.One cupcake costs ₹10 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹56 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹40 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  10. 10.One clay diya costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  11. 11.One fruit cup costs ₹16 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  13. 13.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  14. 14.One clay diya costs ₹24 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹24 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹16 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹56 to make and Zoya sells it for ₹84. What is the markup in percent?
  18. 18.One handmade card costs ₹50 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹32 to make and Lakshmi sells it for ₹48. What is the markup in percent?
  20. 20.One fruit cup costs ₹50 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹25 to make and Dev sells it for ₹30. What is the markup in percent?
  23. 23.One painted pebble costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  24. 24.One handmade card costs ₹45 to make and Farhan sells it for ₹54. What is the markup in percent?
  25. 25.One friendship band costs ₹20 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹12 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹31 to make and Ishaan sells it for ₹62. What is the markup in percent?
  28. 28.One glass of chai costs ₹60 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹48 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹18 to make and Kavya sells it for ₹27. What is the markup in percent?
  33. 33.One friendship band costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹30 to make and Gurpreet sells it for ₹45. What is the markup in percent?
  35. 35.One jute bag costs ₹12 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹60 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹40 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  40. 40.One paper bookmark costs ₹45 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 25
  2. a loss
  3. 5
  4. 50
  5. 2
  6. 14
  7. 22
  8. 80
  9. cost + a markup
  10. 10
  11. 20
  12. 10 rupees
  13. what buyers will pay
  14. 12
  15. 12
  16. 4
  17. 50
  18. 75
  19. 50
  20. 55
  21. 1
  22. 20
  23. 10
  24. 20
  25. 5
  26. 6
  27. 100
  28. 75
  29. 72
  30. 5
  31. 7
  32. 50
  33. 5
  34. 50
  35. 3
  36. 12
  37. 44
  38. 33
  39. 10
  40. 9

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