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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 942 · 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 ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  3. 3.One fruit cup costs ₹49 to make and Ishaan sells it for ₹98. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹10 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹36 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹19 to make and Zoya sells it for ₹38. What is the markup in percent?
  7. 7.One cupcake costs ₹24 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  9. 9.One cup of lemonade costs ₹23 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹58 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  12. 12.One jute bag costs ₹14 to make and Nisha sells it for ₹21. What is the markup in percent?
  13. 13.One clay diya costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹37 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  17. 17.One clay diya costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹30 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹60 to make and Kabir sells it for ₹72. What is the markup in percent?
  21. 21.One paper bookmark costs ₹59 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  23. 23.One clay diya costs ₹40 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹34 to make and Dev sells it for ₹51. What is the markup in percent?
  25. 25.One paper bookmark costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹28 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹35 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹45 to make and Saanvi sells it for ₹90. What is the markup in percent?
  30. 30.One handmade card costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  32. 32.One jute bag costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  33. 33.One paper bookmark costs ₹48 to make and Tara sells it for ₹96. What is the markup in percent?
  34. 34.One bag of popcorn costs ₹30 to make and Nisha sells it for ₹60. What is the markup in percent?
  35. 35.One glass of chai costs ₹40 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹24 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹26 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹10 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹40 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 48
  2. a loss
  3. 100
  4. 12
  5. 9
  6. 100
  7. 30
  8. what buyers will pay
  9. 23
  10. 29
  11. cost + a markup
  12. 50
  13. 11
  14. 5
  15. 37
  16. 10 rupees
  17. 55
  18. 30
  19. 3
  20. 20
  21. 59
  22. 10
  23. 10
  24. 50
  25. 2
  26. 11
  27. 56
  28. 7
  29. 100
  30. 66
  31. 20
  32. 10
  33. 100
  34. 100
  35. 10
  36. 11
  37. 24
  38. 39
  39. 1
  40. 10

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