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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 91 · 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 ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  4. 4.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  5. 5.One potted plant costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹56 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One handmade card costs ₹45 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹40 to make and Lakshmi sells it for ₹50. What is the markup in percent?
  10. 10.One friendship band costs ₹60 to make and Diya sells it for ₹72. What is the markup in percent?
  11. 11.One jute bag costs ₹20 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  13. 13.One clay diya costs ₹54 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹24 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  16. 16.One friendship band costs ₹29 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  18. 18.One friendship band costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  20. 20.One clay diya costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?
  21. 21.One friendship band costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹32 to make and Kavya sells it for ₹48. What is the markup in percent?
  23. 23.One potted plant costs ₹50 to make and Zoya sells it for ₹55. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  25. 25.One friendship band costs ₹43 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹24 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹20 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹25 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  32. 32.One handmade card costs ₹18 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹35 to make and Vihaan sells it for ₹42. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹36 to make and Zoya sells it for ₹45. What is the markup in percent?
  37. 37.One potted plant costs ₹60 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹44 to make and Kabir sells it for ₹55. What is the markup in percent?
  40. 40.One paper bookmark costs ₹35 to make and Tara sells it for ₹42. What is the markup in percent?

Answer key

  1. 11
  2. cost + a markup
  3. 10 rupees
  4. a loss
  5. 10
  6. 70
  7. 11
  8. 9
  9. 25
  10. 20
  11. 30
  12. what buyers will pay
  13. 54
  14. 66
  15. 50
  16. 58
  17. 10
  18. 11
  19. 10
  20. 20
  21. 24
  22. 50
  23. 10
  24. 20
  25. 86
  26. 6
  27. 5
  28. 10
  29. 2
  30. 18
  31. 20
  32. 27
  33. 20
  34. 5
  35. 13
  36. 25
  37. 30
  38. 6
  39. 25
  40. 20

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