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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 847 · 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 ₹56 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One handmade card costs ₹12 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹20 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  5. 5.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  6. 6.One paper bookmark costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  8. 8.One paper bookmark costs ₹20 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹34 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹56 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹32 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹33 to make and Diya sells it for ₹66. What is the markup in percent?
  14. 14.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  15. 15.One friendship band costs ₹12 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹16 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹44 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹24 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  19. 19.One glass of chai costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹10 to make and Joseph sells it for ₹12. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹10 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹56 to make and Aarav sells it for ₹84. What is the markup in percent?
  24. 24.One handmade card costs ₹60 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹60 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹44 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  31. 31.One glass of chai costs ₹44 to make and Rohan sells it for ₹55. What is the markup in percent?
  32. 32.One friendship band costs ₹52 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹59 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹32 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹46 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  38. 38.One handmade card costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹28 to make and Aarav sells it for ₹42. What is the markup in percent?

Answer key

  1. 14
  2. 12
  3. 30
  4. a loss
  5. what buyers will pay
  6. 12
  7. 10 rupees
  8. 40
  9. 51
  10. 70
  11. 35
  12. 64
  13. 100
  14. cost + a markup
  15. 18
  16. 8
  17. 55
  18. 25
  19. 6
  20. 4
  21. 20
  22. 5
  23. 50
  24. 12
  25. 12
  26. 11
  27. 1
  28. 1
  29. 66
  30. 10
  31. 25
  32. 26
  33. 1
  34. 59
  35. 64
  36. 23
  37. 25
  38. 11
  39. 5
  40. 50

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