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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 879 · 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 clay diya costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One painted pebble costs ₹28 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  4. 4.One jute bag costs ₹28 to make and Dev sells it for ₹35. What is the markup in percent?
  5. 5.One potted plant costs ₹26 to make and Aarav sells it for ₹39. What is the markup in percent?
  6. 6.One jute bag costs ₹60 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One fruit cup costs ₹32 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹12 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  11. 11.One handmade card costs ₹30 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹44 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹40 to make and Kavya sells it for ₹48. What is the markup in percent?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  15. 15.One jute bag costs ₹18 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹10 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹28 to make and Diya sells it for ₹35. What is the markup in percent?
  19. 19.One glass of chai costs ₹20 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  20. 20.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  21. 21.One fruit cup costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹32 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹57 to make and Kabir sells it for ₹114. What is the markup in percent?
  25. 25.One fruit cup costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹36 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹40 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹27 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹30 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹36 to make and Kabir sells it for ₹72. What is the markup in percent?
  31. 31.One cupcake costs ₹40 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹36 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  33. 33.One fruit cup costs ₹10 to make and Meera sells it for ₹20. What is the markup in percent?
  34. 34.One potted plant costs ₹56 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹33 to make and Kavya sells it for ₹66. What is the markup in percent?
  36. 36.One jute bag costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹58 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹31 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 24
  2. 7
  3. a loss
  4. 25
  5. 50
  6. 30
  7. 2
  8. 40
  9. 18
  10. cost + a markup
  11. 36
  12. 88
  13. 20
  14. 10 rupees
  15. 36
  16. 20
  17. 10
  18. 25
  19. 50
  20. what buyers will pay
  21. 1
  22. 48
  23. 3
  24. 100
  25. 4
  26. 54
  27. 8
  28. 27
  29. 6
  30. 100
  31. 8
  32. 100
  33. 100
  34. 70
  35. 100
  36. 5
  37. 29
  38. 20
  39. 62
  40. 33

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