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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 729 · 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 ₹48 to make and Meera sells it for ₹60. What is the markup in percent?
  2. 2.One handmade card costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹44 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One painted pebble costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  6. 6.One handmade card costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹53 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  9. 9.One paper bookmark costs ₹12 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  10. 10.One potted plant costs ₹44 to make and Saanvi sells it for ₹66. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  12. 12.One cupcake costs ₹30 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹31 to make and Rohan sells it for ₹62. What is the markup in percent?
  14. 14.One jute bag costs ₹48 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹20 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹24 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹24 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  20. 20.One cupcake costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  21. 21.One fruit cup costs ₹20 to make and Vihaan sells it for ₹30. What is the markup in percent?
  22. 22.One potted plant costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  23. 23.One jute bag costs ₹40 to make and Diya sells it for ₹80. What is the markup in percent?
  24. 24.One paper bookmark costs ₹12 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  25. 25.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  26. 26.One friendship band costs ₹54 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹16 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  28. 28.One handmade card costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹31 to make and Rohan sells it for ₹62. What is the markup in percent?
  30. 30.One friendship band costs ₹16 to make and Vihaan sells it for ₹20. What is the markup in percent?
  31. 31.One friendship band costs ₹24 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹20 to make and Kabir sells it for ₹25. What is the markup in percent?
  33. 33.One paper bookmark costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹52 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹10 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹12 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  38. 38.One cupcake costs ₹32 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹16 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹13 to make and Vihaan sells it for ₹26. What is the markup in percent?

Answer key

  1. 25
  2. 6
  3. 88
  4. 10
  5. 10 rupees
  6. 2
  7. 53
  8. a loss
  9. 100
  10. 50
  11. cost + a markup
  12. 36
  13. 100
  14. 60
  15. 30
  16. 22
  17. 48
  18. 30
  19. 10
  20. 10
  21. 50
  22. 10
  23. 100
  24. 15
  25. what buyers will pay
  26. 108
  27. 50
  28. 24
  29. 100
  30. 25
  31. 12
  32. 25
  33. 3
  34. 65
  35. 12
  36. 3
  37. 10
  38. 8
  39. 4
  40. 100

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