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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 72 · 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 clay diya costs ₹26 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  3. 3.One cupcake costs ₹34 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  6. 6.One bag of popcorn costs ₹12 to make and Riya sells it for ₹15. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  8. 8.One jute bag costs ₹52 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹48 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹30 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹50 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹30 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹58 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One bag of popcorn costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹34 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹52 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹42 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹45 to make and Tara sells it for ₹90. What is the markup in percent?
  22. 22.One paper bookmark costs ₹48 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹12 to make and Diya sells it for ₹24. What is the markup in percent?
  25. 25.One jute bag costs ₹16 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One potted plant costs ₹25 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹25 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One friendship band costs ₹50 to make and Vihaan sells it for ₹100. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹31 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹36 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One potted plant costs ₹56 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹16 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  35. 35.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  36. 36.One handmade card costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹50 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  40. 40.One clay diya costs ₹15 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 26
  2. 10
  3. 17
  4. 11
  5. cost + a markup
  6. 25
  7. what buyers will pay
  8. 52
  9. 96
  10. 6
  11. 10
  12. 36
  13. 87
  14. 5
  15. 11
  16. 24
  17. 34
  18. 6
  19. 13
  20. 84
  21. 100
  22. 60
  23. 4
  24. 100
  25. 24
  26. 5
  27. 5
  28. 100
  29. 62
  30. 55
  31. 9
  32. 84
  33. 8
  34. 10 rupees
  35. a loss
  36. 33
  37. 22
  38. 60
  39. 20
  40. 15

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