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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 769 · 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 ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹24 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  4. 4.One jute bag costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹52 to make and Arjun sells it for ₹65. What is the markup in percent?
  6. 6.One clay diya costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  9. 9.One fruit cup costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹28 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹12 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹12 to make and Kabir sells it for ₹24. What is the markup in percent?
  14. 14.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  15. 15.One handmade card costs ₹50 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹24 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹55 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  19. 19.One handmade card costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  20. 20.One cupcake costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  21. 21.One handmade card costs ₹24 to make and Nisha sells it for ₹36. What is the markup in percent?
  22. 22.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  23. 23.One glass of chai costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  24. 24.One handmade card costs ₹52 to make and Aarav sells it for ₹104. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹24 to make and Vihaan sells it for ₹48. What is the markup in percent?
  26. 26.One potted plant costs ₹16 to make and Rohan sells it for ₹24. What is the markup in percent?
  27. 27.One friendship band costs ₹60 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹24 to make and Diya sells it for ₹36. What is the markup in percent?
  29. 29.One jute bag costs ₹36 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹10 to make and Joseph sells it for ₹12. What is the markup in percent?
  32. 32.One potted plant costs ₹38 to make and Arjun sells it for ₹57. What is the markup in percent?
  33. 33.One jute bag costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹38 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹32 to make and Lakshmi sells it for ₹40. What is the markup in percent?
  36. 36.One cupcake costs ₹24 to make and Lakshmi sells it for ₹48. What is the markup in percent?
  37. 37.One handmade card costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹40 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 3
  2. 48
  3. a loss
  4. 1
  5. 25
  6. 4
  7. 30
  8. 10
  9. 10
  10. 20
  11. 35
  12. 3
  13. 100
  14. cost + a markup
  15. 60
  16. 30
  17. 11
  18. 10 rupees
  19. 20
  20. 10
  21. 50
  22. what buyers will pay
  23. 10
  24. 100
  25. 100
  26. 50
  27. 60
  28. 50
  29. 72
  30. 11
  31. 20
  32. 50
  33. 44
  34. 38
  35. 25
  36. 100
  37. 25
  38. 5
  39. 8
  40. 44

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