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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 9 · 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) 10 rupees (d) 5 rupees
  2. 2.One cupcake costs ₹43 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹18 to make and Diya sells it for ₹27. What is the markup in percent?
  4. 4.One clay diya costs ₹42 to make and Nisha sells it for ₹84. What is the markup in percent?
  5. 5.One jute bag costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  6. 6.One handmade card costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹46 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  10. 10.One paper bookmark costs ₹26 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹44 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  12. 12.One potted plant costs ₹28 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One painted pebble costs ₹20 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹15 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹15 to make and Diya sells it for ₹30. What is the markup in percent?
  19. 19.One potted plant costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹32 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹35 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  26. 26.One potted plant costs ₹16 to make and Vihaan sells it for ₹20. What is the markup in percent?
  27. 27.One jute bag costs ₹34 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹12 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹35 to make and Aarav sells it for ₹42. What is the markup in percent?
  30. 30.One jute bag costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹25 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹35 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹40 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  35. 35.One friendship band costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  36. 36.One glass of chai costs ₹18 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹17 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹16 to make and Arjun sells it for ₹20. What is the markup in percent?
  39. 39.One cupcake costs ₹10 to make and Kabir sells it for ₹12. What is the markup in percent?
  40. 40.One clay diya costs ₹32 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 86
  3. 50
  4. 100
  5. 25
  6. 66
  7. 92
  8. 66
  9. cost + a markup
  10. 26
  11. 25
  12. 14
  13. 3
  14. 5
  15. 3
  16. 30
  17. 33
  18. 100
  19. 11
  20. 6
  21. 3
  22. 8
  23. 35
  24. 13
  25. what buyers will pay
  26. 25
  27. 34
  28. 15
  29. 20
  30. 22
  31. 30
  32. 7
  33. 10
  34. 20
  35. 10
  36. 9
  37. 34
  38. 25
  39. 20
  40. 16

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