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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 772 · 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 ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹30 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  5. 5.One jute bag costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹28 to make and Arjun sells it for ₹42. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹45 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One fruit cup costs ₹15 to make and Vihaan sells it for ₹18. What is the markup in percent?
  9. 9.One cupcake costs ₹12 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹54 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One glass of chai costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  13. 13.One potted plant costs ₹38 to make and Tara sells it for ₹57. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹47 to make and Vihaan sells it for ₹94. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹33 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹36 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹43 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹25 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹43 to make and Diya sells it for ₹86. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹46 to make and Nisha sells it for ₹69. What is the markup in percent?
  26. 26.One potted plant costs ₹40 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  27. 27.One fruit cup costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  28. 28.One handmade card costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  29. 29.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  30. 30.One cupcake costs ₹32 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹28 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹58 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹30 to make and Saanvi sells it for ₹36. What is the markup in percent?
  35. 35.One handmade card costs ₹60 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  37. 37.One potted plant costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  38. 38.One fruit cup costs ₹30 to make and Zoya sells it for ₹36. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹48 to make and Gurpreet sells it for ₹60. What is the markup in percent?

Answer key

  1. 1
  2. 30
  3. 66
  4. a loss
  5. 20
  6. 50
  7. 9
  8. 20
  9. 6
  10. 81
  11. 33
  12. what buyers will pay
  13. 50
  14. 100
  15. 6
  16. 33
  17. 28
  18. 10
  19. 72
  20. 86
  21. 30
  22. 100
  23. 4
  24. 10
  25. 50
  26. 50
  27. 20
  28. 72
  29. cost + a markup
  30. 16
  31. 56
  32. 87
  33. 12
  34. 20
  35. 75
  36. 10
  37. 10
  38. 20
  39. 22
  40. 25

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