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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 827 · 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) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  2. 2.One cup of lemonade costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  4. 4.One fruit cup costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  5. 5.One handmade card costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  7. 7.One bag of popcorn costs ₹36 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹40 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹35 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹16 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹20 to make and Nisha sells it for ₹30. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹60 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹30 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One bag of popcorn costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  17. 17.One clay diya costs ₹20 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  18. 18.One paper bookmark costs ₹12 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹30 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹60 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹21 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹30 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹14 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹52 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹60 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹24 to make and Nisha sells it for ₹48. What is the markup in percent?
  27. 27.One clay diya costs ₹12 to make and Kabir sells it for ₹15. What is the markup in percent?
  28. 28.One potted plant costs ₹55 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  31. 31.One friendship band costs ₹50 to make and Zoya sells it for ₹55. What is the markup in percent?
  32. 32.One painted pebble costs ₹42 to make and Farhan sells it for ₹84. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹11 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹32 to make and Ananya sells it for ₹40. What is the markup in percent?
  35. 35.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  36. 36.One fruit cup costs ₹55 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹55 to make and Kavya sells it for ₹66. What is the markup in percent?
  38. 38.One potted plant costs ₹50 to make and Meera sells it for ₹75. What is the markup in percent?
  39. 39.One cupcake costs ₹44 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹45 to make and Ishaan sells it for ₹54. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 1
  3. 10
  4. 20
  5. 20
  6. a loss
  7. 36
  8. 48
  9. 42
  10. 4
  11. 12
  12. 50
  13. 15
  14. 12
  15. 45
  16. 10
  17. 20
  18. 3
  19. 6
  20. 30
  21. 42
  22. 36
  23. 7
  24. 13
  25. 15
  26. 100
  27. 25
  28. 66
  29. 55
  30. cost + a markup
  31. 10
  32. 100
  33. 22
  34. 25
  35. what buyers will pay
  36. 11
  37. 20
  38. 50
  39. 11
  40. 20

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