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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 93 · 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 ₹47 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹46 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One clay diya costs ₹24 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  6. 6.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  7. 7.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  8. 8.One jute bag costs ₹22 to make and Riya sells it for ₹33. What is the markup in percent?
  9. 9.One handmade card costs ₹36 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹48 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  11. 11.One handmade card costs ₹47 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹27 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹60 to make and Ananya sells it for ₹75. What is the markup in percent?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  15. 15.One cup of lemonade costs ₹30 to make and Dev sells it for ₹36. What is the markup in percent?
  16. 16.One clay diya costs ₹48 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹30 to make and Saanvi sells it for ₹36. What is the markup in percent?
  18. 18.One painted pebble costs ₹22 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One bag of popcorn costs ₹20 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹25 to make and Arjun sells it for ₹30. What is the markup in percent?
  21. 21.One clay diya costs ₹31 to make and Nisha sells it for ₹62. What is the markup in percent?
  22. 22.One clay diya costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹24 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹22 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  28. 28.One potted plant costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹52 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹24 to make and Kavya sells it for ₹48. What is the markup in percent?
  33. 33.One fruit cup costs ₹55 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹42 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  40. 40.One jute bag costs ₹36 to make and Farhan sells it for ₹45. What is the markup in percent?

Answer key

  1. 94
  2. 46
  3. 3
  4. 6
  5. what buyers will pay
  6. a loss
  7. cost + a markup
  8. 50
  9. 45
  10. 25
  11. 94
  12. 27
  13. 25
  14. 10 rupees
  15. 20
  16. 48
  17. 20
  18. 22
  19. 10
  20. 20
  21. 100
  22. 3
  23. 30
  24. 4
  25. 33
  26. 5
  27. 10
  28. 4
  29. 13
  30. 55
  31. 10
  32. 100
  33. 11
  34. 63
  35. 55
  36. 33
  37. 5
  38. 44
  39. 10
  40. 25

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