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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 918 · 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 paper bookmark costs ₹51 to make and Joseph sells it for ₹102. What is the markup in percent?
  2. 2.One cupcake costs ₹44 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  6. 6.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  8. 8.One cup of lemonade costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  9. 9.One potted plant costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹44 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹60 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹57 to make and Saanvi sells it for ₹114. What is the markup in percent?
  13. 13.One paper bookmark costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  15. 15.One potted plant costs ₹34 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹20 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  20. 20.One potted plant costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  21. 21.One paper bookmark costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  23. 23.One fruit cup costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹32 to make and Tara sells it for ₹64. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹40 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹60 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹30 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹30 to make and Ishaan sells it for ₹36. What is the markup in percent?
  30. 30.One glass of chai costs ₹20 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹44 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹26 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹31 to make and Aarav sells it for ₹62. What is the markup in percent?
  34. 34.One jute bag costs ₹45 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  36. 36.One glass of chai costs ₹35 to make and Arjun sells it for ₹70. What is the markup in percent?
  37. 37.One jute bag costs ₹24 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  40. 40.One friendship band costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 100
  2. 11
  3. 1
  4. 55
  5. 10 rupees
  6. cost + a markup
  7. what buyers will pay
  8. 20
  9. 44
  10. 66
  11. 72
  12. 100
  13. 11
  14. 20
  15. 17
  16. 4
  17. 6
  18. 42
  19. 10
  20. 10
  21. 6
  22. 20
  23. 33
  24. 100
  25. 5
  26. 10
  27. 72
  28. 15
  29. 20
  30. 30
  31. 66
  32. 39
  33. 100
  34. 54
  35. 20
  36. 100
  37. 24
  38. 72
  39. 20
  40. 66

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