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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 852 · 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 ₹35 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One jute bag costs ₹16 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  4. 4.One cup of lemonade costs ₹42 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹48 to make and Diya sells it for ₹60. What is the markup in percent?
  8. 8.One handmade card costs ₹10 to make and Ananya sells it for ₹20. What is the markup in percent?
  9. 9.One glass of chai costs ₹20 to make and Gurpreet sells it for ₹40. What is the markup in percent?
  10. 10.One clay diya costs ₹44 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  12. 12.One cup of lemonade costs ₹10 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One painted pebble costs ₹40 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  15. 15.One fruit cup costs ₹56 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹52 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹60 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  19. 19.One painted pebble costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  20. 20.One cupcake costs ₹35 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹12 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One jute bag costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹12 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  27. 27.One paper bookmark costs ₹40 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹14 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹42 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹58 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹28 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  33. 33.One potted plant costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹22 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹60 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹28 to make and Farhan sells it for ₹42. What is the markup in percent?
  40. 40.One potted plant costs ₹32 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 35
  2. 32
  3. 10 rupees
  4. 21
  5. 66
  6. 15
  7. 25
  8. 100
  9. 100
  10. 11
  11. a loss
  12. 12
  13. 8
  14. 10
  15. 70
  16. 65
  17. 12
  18. what buyers will pay
  19. 10
  20. 7
  21. 1
  22. 18
  23. 20
  24. 3
  25. 33
  26. 10
  27. 48
  28. 28
  29. 42
  30. 116
  31. 7
  32. cost + a markup
  33. 35
  34. 18
  35. 22
  36. 33
  37. 6
  38. 66
  39. 50
  40. 40

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