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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 945 · 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) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  2. 2.One paper bookmark costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹14 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  5. 5.One cupcake costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  7. 7.One jute bag costs ₹15 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹16 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  11. 11.One cup of lemonade costs ₹54 to make and Gurpreet sells it for ₹108. What is the markup in percent?
  12. 12.One glass of chai costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹16 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹29 to make and Aarav sells it for ₹58. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹60 to make and Tara sells it for ₹72. What is the markup in percent?
  16. 16.One glass of chai costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹15 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹24 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹32 to make and Rohan sells it for ₹40. What is the markup in percent?
  20. 20.One paper bookmark costs ₹26 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One cupcake costs ₹18 to make and Kavya sells it for ₹27. What is the markup in percent?
  22. 22.One glass of chai costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹48 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹36 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹44 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹24 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹16 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹20 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹60 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  35. 35.One cupcake costs ₹52 to make and Nisha sells it for ₹104. What is the markup in percent?
  36. 36.One painted pebble costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  38. 38.One paper bookmark costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹32 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹20 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 11
  3. 7
  4. 20
  5. 33
  6. what buyers will pay
  7. 3
  8. 20
  9. 20
  10. cost + a markup
  11. 100
  12. 72
  13. 4
  14. 100
  15. 20
  16. 5
  17. 18
  18. 24
  19. 25
  20. 13
  21. 50
  22. 44
  23. 60
  24. 5
  25. 4
  26. 9
  27. 2
  28. 22
  29. 12
  30. 12
  31. 4
  32. 25
  33. 15
  34. 20
  35. 100
  36. 2
  37. a loss
  38. 10
  39. 64
  40. 5

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