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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 946 · 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 ₹44 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹56 to make and Riya sells it for ₹84. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹44 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  5. 5.One friendship band costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  7. 7.One glass of chai costs ₹32 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹35 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹12 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  12. 12.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  13. 13.One clay diya costs ₹14 to make and Joseph sells it for ₹28. What is the markup in percent?
  14. 14.One glass of chai costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹38 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹59 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹46 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹20 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  20. 20.One handmade card costs ₹24 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹24 to make and Aarav sells it for ₹48. What is the markup in percent?
  22. 22.One jute bag costs ₹44 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹19 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹46 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹24 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹32 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹12 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹46 to make and Joseph sells it for ₹69. What is the markup in percent?
  29. 29.One friendship band costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹10 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹28 to make and Arjun sells it for ₹35. What is the markup in percent?
  33. 33.One friendship band costs ₹15 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  34. 34.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  35. 35.One friendship band costs ₹48 to make and Dev sells it for ₹72. What is the markup in percent?
  36. 36.One potted plant costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹20 to make and Meera sells it for ₹25. What is the markup in percent?
  38. 38.One cupcake costs ₹24 to make and Zoya sells it for ₹30. What is the markup in percent?
  39. 39.One glass of chai costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹18 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 11
  2. 5
  3. 50
  4. 25
  5. 12
  6. 10
  7. 16
  8. 7
  9. 15
  10. 55
  11. cost + a markup
  12. what buyers will pay
  13. 100
  14. 3
  15. 38
  16. 59
  17. 46
  18. 30
  19. 10
  20. 36
  21. 100
  22. 22
  23. 19
  24. 69
  25. 6
  26. 40
  27. 3
  28. 50
  29. 6
  30. 10
  31. 33
  32. 25
  33. 18
  34. a loss
  35. 50
  36. 42
  37. 25
  38. 25
  39. 42
  40. 9

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