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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 733 · 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 handmade card costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  2. 2.One clay diya costs ₹54 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹56 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  5. 5.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  6. 6.One cup of lemonade costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  7. 7.One cupcake costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹21 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  10. 10.One painted pebble costs ₹32 to make and Riya sells it for ₹40. What is the markup in percent?
  11. 11.One potted plant costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹40 to make and Rohan sells it for ₹50. What is the markup in percent?
  13. 13.One friendship band costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  14. 14.One glass of chai costs ₹25 to make and Farhan sells it for ₹30. What is the markup in percent?
  15. 15.One potted plant costs ₹48 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹34 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹42 to make and Meera sells it for ₹63. What is the markup in percent?
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  19. 19.One clay diya costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹36 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹40 to make and Aarav sells it for ₹60. What is the markup in percent?
  22. 22.One glass of chai costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹32 to make and Kabir sells it for ₹48. What is the markup in percent?
  24. 24.One clay diya costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  25. 25.One friendship band costs ₹50 to make and Zoya sells it for ₹100. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹50 to make and Nisha sells it for ₹75. What is the markup in percent?
  27. 27.One paper bookmark costs ₹37 to make and Ananya sells it for ₹74. What is the markup in percent?
  28. 28.One clay diya costs ₹10 to make and Arjun sells it for ₹12. What is the markup in percent?
  29. 29.One potted plant costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹50 to make and Ananya sells it for ₹75. What is the markup in percent?
  31. 31.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  32. 32.One bag of popcorn costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹20 to make and Saanvi sells it for ₹24. What is the markup in percent?
  35. 35.One fruit cup costs ₹20 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹16 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹60 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹26 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 27
  3. 28
  4. cost + a markup
  5. a loss
  6. 10
  7. 24
  8. 42
  9. 10
  10. 25
  11. 6
  12. 25
  13. 10
  14. 20
  15. 12
  16. 51
  17. 50
  18. 10 rupees
  19. 35
  20. 18
  21. 50
  22. 2
  23. 50
  24. 20
  25. 100
  26. 50
  27. 100
  28. 20
  29. 2
  30. 50
  31. what buyers will pay
  32. 3
  33. 44
  34. 20
  35. 2
  36. 20
  37. 75
  38. 2
  39. 13
  40. 6

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