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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 780 · 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 cupcake costs ₹50 to make and Riya sells it for ₹75. What is the markup in percent?
  2. 2.One paper bookmark costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  3. 3.One clay diya costs ₹38 to make and Ananya sells it for ₹57. What is the markup in percent?
  4. 4.One handmade card costs ₹51 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹58 to make and Dev sells it for ₹116. What is the markup in percent?
  7. 7.One glass of chai costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹24 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  11. 11.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  12. 12.One clay diya costs ₹58 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  14. 14.One cup of lemonade costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹24 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹42 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One cupcake costs ₹42 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹11 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹50 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  22. 22.One clay diya costs ₹44 to make and Saanvi sells it for ₹55. What is the markup in percent?
  23. 23.One cupcake costs ₹30 to make and Diya sells it for ₹45. What is the markup in percent?
  24. 24.One glass of chai costs ₹25 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹25 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹18 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  29. 29.One potted plant costs ₹50 to make and Ishaan sells it for ₹60. What is the markup in percent?
  30. 30.One paper bookmark costs ₹20 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹42 to make and Ananya sells it for ₹63. What is the markup in percent?
  34. 34.One glass of chai costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  36. 36.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  37. 37.One friendship band costs ₹24 to make and Ananya sells it for ₹36. What is the markup in percent?
  38. 38.One handmade card costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹15 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 10
  3. 50
  4. 51
  5. 10
  6. 100
  7. 3
  8. 48
  9. 3
  10. what buyers will pay
  11. cost + a markup
  12. 29
  13. a loss
  14. 44
  15. 48
  16. 21
  17. 6
  18. 42
  19. 11
  20. 75
  21. 10
  22. 25
  23. 50
  24. 30
  25. 30
  26. 36
  27. 10
  28. 10
  29. 20
  30. 30
  31. 72
  32. 5
  33. 50
  34. 22
  35. 10
  36. 10 rupees
  37. 50
  38. 36
  39. 3
  40. 4

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