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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 899 · 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 glass of chai costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  3. 3.One potted plant costs ₹28 to make and Vihaan sells it for ₹35. What is the markup in percent?
  4. 4.One handmade card costs ₹20 to make and Saanvi sells it for ₹25. What is the markup in percent?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  6. 6.One handmade card costs ₹50 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹52 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹34 to make and Joseph sells it for ₹51. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹29 to make and Kavya sells it for ₹58. What is the markup in percent?
  11. 11.One jute bag costs ₹36 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  13. 13.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  14. 14.One bag of popcorn costs ₹12 to make and Dev sells it for ₹18. What is the markup in percent?
  15. 15.One glass of chai costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹18 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs ₹56 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹24 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹14 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  22. 22.One potted plant costs ₹20 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹49 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹44 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  29. 29.One cupcake costs ₹46 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  30. 30.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  31. 31.One cup of lemonade costs ₹52 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹58 to make and Kabir sells it for ₹87. What is the markup in percent?
  33. 33.One fruit cup costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹10 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹12 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹60 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹44 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 5
  2. 10
  3. 25
  4. 25
  5. 10 rupees
  6. 10
  7. 65
  8. 50
  9. 66
  10. 100
  11. 45
  12. 10
  13. a loss
  14. 50
  15. 22
  16. 55
  17. 18
  18. 14
  19. 48
  20. 28
  21. 10
  22. 30
  23. 49
  24. 10
  25. 22
  26. 11
  27. 4
  28. what buyers will pay
  29. 69
  30. cost + a markup
  31. 52
  32. 50
  33. 5
  34. 15
  35. 3
  36. 15
  37. 44
  38. 11
  39. 55
  40. 2

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