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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 781 · 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 ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹20 to make and Dev sells it for ₹30. What is the markup in percent?
  3. 3.One glass of chai costs ₹24 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹12 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹45 to make and Tara sells it for ₹54. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹12 to make and Dev sells it for ₹18. What is the markup in percent?
  8. 8.One glass of chai costs ₹24 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  11. 11.One paper bookmark costs ₹26 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹20 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹35 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹44 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  18. 18.One clay diya costs ₹20 to make and Gurpreet sells it for ₹25. What is the markup in percent?
  19. 19.One potted plant costs ₹40 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹34 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹50 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  28. 28.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  29. 29.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  30. 30.One painted pebble costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  32. 32.One glass of chai costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹44 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹58 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  37. 37.One cupcake costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹25 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹52 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹16 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 5
  2. 50
  3. 30
  4. 3
  5. 3
  6. 20
  7. 50
  8. 6
  9. 5
  10. what buyers will pay
  11. 39
  12. 22
  13. 10
  14. 42
  15. 88
  16. 4
  17. 10
  18. 25
  19. 20
  20. 10
  21. 20
  22. 22
  23. 3
  24. 34
  25. 3
  26. 44
  27. 20
  28. 10 rupees
  29. a loss
  30. 12
  31. 10
  32. 1
  33. 22
  34. 45
  35. 29
  36. cost + a markup
  37. 13
  38. 30
  39. 26
  40. 8

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