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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 801 · 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 ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  2. 2.One fruit cup costs ₹42 to make and Joseph sells it for ₹63. What is the markup in percent?
  3. 3.One jute bag costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  5. 5.One handmade card costs ₹16 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  7. 7.One clay diya costs ₹22 to make and Aarav sells it for ₹44. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹36 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹56 to make and Meera sells it for ₹70. What is the markup in percent?
  10. 10.One glass of chai costs ₹30 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  11. 11.One paper bookmark costs ₹12 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹50 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  13. 13.One cupcake costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹52 to make and Kabir sells it for ₹104. What is the markup in percent?
  16. 16.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  17. 17.One bag of popcorn costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  19. 19.One fruit cup costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹53 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹48 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  23. 23.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  24. 24.One cup of lemonade costs ₹32 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹12 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹52 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹55 to make and Riya sells it for ₹110. What is the markup in percent?
  30. 30.One potted plant costs ₹12 to make and Tara sells it for ₹15. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹36 to make and Aarav sells it for ₹54. What is the markup in percent?
  33. 33.One handmade card costs ₹25 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹60 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹31 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?
  38. 38.One potted plant costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  39. 39.One clay diya costs ₹45 to make and Diya sells it for ₹54. What is the markup in percent?
  40. 40.One friendship band costs ₹20 to make. Diya adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 50
  3. 33
  4. 10 rupees
  5. 8
  6. cost + a markup
  7. 100
  8. 9
  9. 25
  10. 20
  11. 12
  12. 20
  13. 44
  14. 11
  15. 100
  16. a loss
  17. 20
  18. 20
  19. 30
  20. 106
  21. 96
  22. 22
  23. what buyers will pay
  24. 16
  25. 1
  26. 10
  27. 15
  28. 13
  29. 100
  30. 25
  31. 55
  32. 50
  33. 50
  34. 120
  35. 72
  36. 62
  37. 20
  38. 10
  39. 20
  40. 25

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