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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 914 · 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 ₹21 to make and Meera sells it for ₹42. What is the markup in percent?
  2. 2.One handmade card costs ₹40 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹25 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One fruit cup costs ₹42 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹12 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  7. 7.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  8. 8.One jute bag costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹18 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹35 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One friendship band costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  12. 12.One clay diya costs ₹24 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹10 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹24 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹16 to make and Tara sells it for ₹20. What is the markup in percent?
  16. 16.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  17. 17.One glass of chai costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  18. 18.One fruit cup costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹40 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹44 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹53 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹28 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹44 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹19 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹16 to make and Zoya sells it for ₹20. What is the markup in percent?
  28. 28.One potted plant costs ₹24 to make and Ishaan sells it for ₹30. What is the markup in percent?
  29. 29.One clay diya costs ₹17 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹20 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹24 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹47 to make and Tara sells it for ₹94. What is the markup in percent?
  33. 33.One handmade card costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹60 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹32 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹56 to make and Lakshmi sells it for ₹112. What is the markup in percent?
  37. 37.One paper bookmark costs ₹24 to make and Joseph sells it for ₹30. What is the markup in percent?
  38. 38.One cupcake costs ₹13 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹37 to make and Rohan sells it for ₹74. What is the markup in percent?
  40. 40.One fruit cup costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 100
  2. 48
  3. 25
  4. 63
  5. 15
  6. a loss
  7. cost + a markup
  8. 3
  9. 9
  10. 7
  11. 10
  12. 6
  13. 15
  14. 6
  15. 25
  16. what buyers will pay
  17. 10
  18. 33
  19. 20
  20. 44
  21. 11
  22. 106
  23. 7
  24. 4
  25. 22
  26. 19
  27. 25
  28. 25
  29. 34
  30. 4
  31. 24
  32. 100
  33. 75
  34. 90
  35. 40
  36. 100
  37. 25
  38. 26
  39. 100
  40. 6

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