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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 826 · 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) 5 rupees (c) 50 rupees (d) 20 rupees
  2. 2.One handmade card costs ₹35 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹24 to make and Riya sells it for ₹30. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹24 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  7. 7.One jute bag costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  9. 9.One paper bookmark costs ₹12 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹44 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹58 to make and Aarav sells it for ₹87. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹12 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  14. 14.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  15. 15.One handmade card costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  16. 16.One handmade card costs ₹60 to make and Tara sells it for ₹72. What is the markup in percent?
  17. 17.One painted pebble costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹24 to make and Vihaan sells it for ₹36. What is the markup in percent?
  19. 19.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  20. 20.One jute bag costs ₹19 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹24 to make and Saanvi sells it for ₹30. What is the markup in percent?
  22. 22.One glass of chai costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  24. 24.One clay diya costs ₹54 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹19 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹32 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  31. 31.One clay diya costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹59 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹28 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹30 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹50 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹60 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹60 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  39. 39.One painted pebble costs ₹60 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹34 to make and Dev sells it for ₹51. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 42
  3. 25
  4. 6
  5. 8
  6. 10
  7. 22
  8. 10
  9. 6
  10. 11
  11. 50
  12. 15
  13. 10
  14. what buyers will pay
  15. 10
  16. 20
  17. 3
  18. 50
  19. a loss
  20. 19
  21. 25
  22. 2
  23. 10
  24. 27
  25. 2
  26. 19
  27. 1
  28. 55
  29. 8
  30. cost + a markup
  31. 11
  32. 118
  33. 35
  34. 3
  35. 10
  36. 66
  37. 12
  38. 10
  39. 72
  40. 50

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