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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 907 · 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 jute bag costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹15 to make and Ishaan sells it for ₹18. What is the markup in percent?
  3. 3.One potted plant costs ₹10 to make and Lakshmi sells it for ₹12. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  5. 5.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  6. 6.One handmade card costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  7. 7.One paper bookmark costs ₹38 to make and Arjun sells it for ₹57. What is the markup in percent?
  8. 8.One fruit cup costs ₹45 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  10. 10.One friendship band costs ₹11 to make and Kabir sells it for ₹22. What is the markup in percent?
  11. 11.One painted pebble costs ₹13 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹40 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹12 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  15. 15.One potted plant costs ₹30 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  18. 18.One clay diya costs ₹53 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹28 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹13 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹60 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹20 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹24 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹28 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹18 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  27. 27.One bag of popcorn costs ₹55 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹60 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹40 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹32 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹20 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹20 to make and Nisha sells it for ₹40. What is the markup in percent?
  35. 35.One glass of chai costs ₹55 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹17 to make and Gurpreet sells it for ₹34. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹30 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹12 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹26 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹48 to make and Kavya sells it for ₹72. What is the markup in percent?

Answer key

  1. 55
  2. 20
  3. 20
  4. what buyers will pay
  5. a loss
  6. 25
  7. 50
  8. 9
  9. 10
  10. 100
  11. 13
  12. 4
  13. 6
  14. 10
  15. 36
  16. 25
  17. 10 rupees
  18. 106
  19. 35
  20. 13
  21. 75
  22. 10
  23. 30
  24. 14
  25. 9
  26. cost + a markup
  27. 11
  28. 66
  29. 30
  30. 48
  31. 2
  32. 16
  33. 25
  34. 100
  35. 11
  36. 100
  37. 6
  38. 6
  39. 39
  40. 50

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