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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 776 · 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 paper bookmark costs ₹13 to make and Aarav sells it for ₹26. What is the markup in percent?
  2. 2.One handmade card costs ₹57 to make and Vihaan sells it for ₹114. What is the markup in percent?
  3. 3.One handmade card costs ₹51 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  5. 5.One paper bookmark costs ₹35 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹48 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹44 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹35 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹52 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹32 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹22 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  13. 13.One clay diya costs ₹14 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  15. 15.One potted plant costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹22 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹10 to make and Rohan sells it for ₹15. What is the markup in percent?
  22. 22.One painted pebble costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  24. 24.One fruit cup costs ₹60 to make and Dev sells it for ₹120. What is the markup in percent?
  25. 25.One paper bookmark costs ₹24 to make and Dev sells it for ₹48. What is the markup in percent?
  26. 26.One friendship band costs ₹18 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹55 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹14 to make and Diya sells it for ₹21. What is the markup in percent?
  29. 29.One cupcake costs ₹20 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹16 to make and Aarav sells it for ₹24. What is the markup in percent?
  32. 32.One glass of chai costs ₹40 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹12 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹40 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹38 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹35 to make and Riya sells it for ₹42. What is the markup in percent?
  37. 37.One paper bookmark costs ₹35 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹56 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹36 to make and Aarav sells it for ₹54. What is the markup in percent?

Answer key

  1. 100
  2. 100
  3. 51
  4. 10 rupees
  5. 7
  6. 60
  7. 66
  8. 42
  9. 13
  10. 40
  11. 11
  12. 10
  13. 7
  14. cost + a markup
  15. 6
  16. 5
  17. 24
  18. 44
  19. 50
  20. 55
  21. 50
  22. 18
  23. what buyers will pay
  24. 100
  25. 100
  26. 27
  27. 11
  28. 50
  29. 5
  30. 11
  31. 50
  32. 50
  33. 6
  34. 20
  35. 19
  36. 20
  37. 7
  38. 84
  39. 30
  40. 50

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