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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 743 · 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 painted pebble costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  3. 3.One handmade card costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  5. 5.One handmade card costs ₹44 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  6. 6.One paper bookmark costs ₹22 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹40 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One fruit cup costs ₹24 to make and Zoya sells it for ₹30. What is the markup in percent?
  9. 9.One jute bag costs ₹40 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  11. 11.One glass of chai costs ₹17 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  13. 13.One cup of lemonade costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  15. 15.One potted plant costs ₹55 to make and Kavya sells it for ₹66. What is the markup in percent?
  16. 16.One handmade card costs ₹20 to make and Ishaan sells it for ₹40. What is the markup in percent?
  17. 17.One handmade card costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹32 to make and Zoya sells it for ₹40. What is the markup in percent?
  21. 21.One potted plant costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  22. 22.One painted pebble costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹39 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹44 to make and Kabir sells it for ₹55. What is the markup in percent?
  26. 26.One clay diya costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹20 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹59 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  31. 31.One glass of chai costs ₹48 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹55 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹20 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹26 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹45 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹20 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  39. 39.One painted pebble costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?

Answer key

  1. 10
  2. cost + a markup
  3. 50
  4. a loss
  5. 25
  6. 44
  7. 8
  8. 25
  9. 48
  10. 10 rupees
  11. 34
  12. what buyers will pay
  13. 10
  14. 20
  15. 20
  16. 100
  17. 4
  18. 3
  19. 45
  20. 25
  21. 25
  22. 33
  23. 66
  24. 78
  25. 25
  26. 4
  27. 10
  28. 118
  29. 2
  30. 10
  31. 72
  32. 55
  33. 110
  34. 4
  35. 26
  36. 90
  37. 10
  38. 20
  39. 48
  40. 10

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