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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 935 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  2. 2.One fruit cup costs ₹51 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  4. 4.One friendship band costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  5. 5.One paper bookmark costs ₹44 to make and Dev sells it for ₹66. What is the markup in percent?
  6. 6.One handmade card costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  8. 8.One handmade card costs ₹35 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  10. 10.One glass of chai costs ₹60 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹35 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹40 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One clay diya costs ₹26 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹50 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹28 to make and Joseph sells it for ₹42. What is the markup in percent?
  16. 16.One painted pebble costs ₹24 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹38 to make and Tara sells it for ₹76. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹20 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹11 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹40 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹35 to make and Riya sells it for ₹42. What is the markup in percent?
  23. 23.One clay diya costs ₹25 to make and Tara sells it for ₹30. What is the markup in percent?
  24. 24.One cupcake costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  25. 25.One glass of chai costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?
  26. 26.One clay diya costs ₹56 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹12 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹52 to make and Farhan sells it for ₹65. What is the markup in percent?
  29. 29.One handmade card costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹22 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹55 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹17 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹42 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹40 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹60 to make and Lakshmi sells it for ₹72. What is the markup in percent?
  38. 38.One paper bookmark costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  39. 39.One clay diya costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹28 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 102
  3. a loss
  4. 10
  5. 50
  6. 12
  7. cost + a markup
  8. 7
  9. what buyers will pay
  10. 12
  11. 42
  12. 50
  13. 26
  14. 10
  15. 50
  16. 30
  17. 18
  18. 100
  19. 25
  20. 22
  21. 50
  22. 20
  23. 20
  24. 10
  25. 10
  26. 28
  27. 3
  28. 25
  29. 2
  30. 44
  31. 66
  32. 22
  33. 66
  34. 17
  35. 42
  36. 8
  37. 20
  38. 10
  39. 48
  40. 7

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