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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 824 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  2. 2.One jute bag costs ₹46 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹40 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  6. 6.One glass of chai costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  8. 8.One friendship band costs ₹25 to make and Diya sells it for ₹30. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹32 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹20 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹10 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  15. 15.One friendship band costs ₹35 to make and Riya sells it for ₹42. What is the markup in percent?
  16. 16.One painted pebble costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  17. 17.One jute bag costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  19. 19.One jute bag costs ₹28 to make and Gurpreet sells it for ₹35. What is the markup in percent?
  20. 20.One clay diya costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹10 to make and Rohan sells it for ₹15. What is the markup in percent?
  23. 23.One cupcake costs ₹48 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹24 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹18 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹15 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹40 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹18 to make and Farhan sells it for ₹36. What is the markup in percent?
  29. 29.One cupcake costs ₹44 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹24 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹28 to make and Meera sells it for ₹35. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹36 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹16 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹32 to make and Saanvi sells it for ₹48. What is the markup in percent?
  35. 35.One glass of chai costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹58 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹36 to make and Saanvi sells it for ₹72. What is the markup in percent?
  38. 38.One potted plant costs ₹48 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  40. 40.One paper bookmark costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 23
  3. 22
  4. 48
  5. 20
  6. 4
  7. what buyers will pay
  8. 20
  9. 3
  10. 40
  11. 25
  12. 6
  13. 20
  14. a loss
  15. 20
  16. 10
  17. 3
  18. cost + a markup
  19. 25
  20. 1
  21. 1
  22. 50
  23. 24
  24. 12
  25. 36
  26. 3
  27. 60
  28. 100
  29. 11
  30. 30
  31. 25
  32. 45
  33. 20
  34. 50
  35. 5
  36. 29
  37. 100
  38. 60
  39. 10
  40. 20

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