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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 925 · 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 ₹45 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹52 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One potted plant costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹34 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  7. 7.One potted plant costs ₹42 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹32 to make and Ishaan sells it for ₹40. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹55 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹46 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  12. 12.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  13. 13.One friendship band costs ₹58 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  15. 15.One paper bookmark costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  16. 16.One clay diya costs ₹30 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹48 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹30 to make and Meera sells it for ₹45. What is the markup in percent?
  19. 19.One handmade card costs ₹44 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹46 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹52 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹50 to make and Vihaan sells it for ₹60. What is the markup in percent?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  25. 25.One fruit cup costs ₹20 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹20 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One clay diya costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  28. 28.One handmade card costs ₹14 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹46 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  32. 32.One painted pebble costs ₹19 to make and Vihaan sells it for ₹38. What is the markup in percent?
  33. 33.One cupcake costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹32 to make and Dev sells it for ₹64. What is the markup in percent?
  36. 36.One glass of chai costs ₹14 to make and Diya sells it for ₹28. What is the markup in percent?
  37. 37.One painted pebble costs ₹60 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹52 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹31 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹14 to make and Ananya sells it for ₹21. What is the markup in percent?

Answer key

  1. 54
  2. 30
  3. 26
  4. 66
  5. 51
  6. 10
  7. 84
  8. 25
  9. 55
  10. 92
  11. a loss
  12. cost + a markup
  13. 29
  14. what buyers will pay
  15. 20
  16. 6
  17. 96
  18. 50
  19. 11
  20. 69
  21. 33
  22. 26
  23. 20
  24. 10 rupees
  25. 4
  26. 10
  27. 10
  28. 21
  29. 22
  30. 69
  31. 10
  32. 100
  33. 48
  34. 7
  35. 100
  36. 100
  37. 12
  38. 13
  39. 31
  40. 50

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