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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 807 · 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 glass of chai costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  2. 2.One handmade card costs ₹32 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹55 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹18 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹12 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  8. 8.One fruit cup costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹30 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹40 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  15. 15.One painted pebble costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  19. 19.One potted plant costs ₹30 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹58 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹43 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹28 to make and Farhan sells it for ₹56. What is the markup in percent?
  23. 23.One handmade card costs ₹31 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  25. 25.One glass of chai costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹40 to make and Aarav sells it for ₹50. What is the markup in percent?
  27. 27.One fruit cup costs ₹40 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  29. 29.One paper bookmark costs ₹20 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  31. 31.One bag of popcorn costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  34. 34.One cupcake costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  35. 35.One jute bag costs ₹12 to make and Kabir sells it for ₹15. What is the markup in percent?
  36. 36.One clay diya costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹21 to make and Dev sells it for ₹42. What is the markup in percent?
  38. 38.One handmade card costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹40 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹35 to make and Rohan sells it for ₹42. What is the markup in percent?

Answer key

  1. 10
  2. 8
  3. 2
  4. 11
  5. 36
  6. 18
  7. 10
  8. 4
  9. 36
  10. 10
  11. 48
  12. 30
  13. 2
  14. what buyers will pay
  15. 48
  16. 66
  17. 25
  18. a loss
  19. 6
  20. 29
  21. 86
  22. 100
  23. 31
  24. 10 rupees
  25. 11
  26. 25
  27. 48
  28. 10
  29. 2
  30. cost + a markup
  31. 33
  32. 2
  33. 20
  34. 10
  35. 25
  36. 66
  37. 100
  38. 22
  39. 60
  40. 20

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