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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 956 · 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 handmade card costs ₹18 to make and Meera sells it for ₹27. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  4. 4.One clay diya costs ₹30 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹60 to make and Joseph sells it for ₹72. What is the markup in percent?
  6. 6.One jute bag costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹22 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  9. 9.One bag of popcorn costs ₹55 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹16 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹24 to make and Ishaan sells it for ₹30. What is the markup in percent?
  14. 14.One fruit cup costs ₹60 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹32 to make and Farhan sells it for ₹40. What is the markup in percent?
  17. 17.One friendship band costs ₹40 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹55 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹36 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  21. 21.One handmade card costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹52 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹50 to make and Nisha sells it for ₹75. What is the markup in percent?
  24. 24.One cupcake costs ₹45 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹36 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹60 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹16 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹55 to make and Ishaan sells it for ₹66. What is the markup in percent?
  29. 29.One friendship band costs ₹44 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹40 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹60 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹40 to make and Saanvi sells it for ₹50. What is the markup in percent?
  33. 33.One potted plant costs ₹36 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  35. 35.One clay diya costs ₹10 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  38. 38.One handmade card costs ₹31 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  40. 40.One painted pebble costs ₹48 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 50
  2. a loss
  3. what buyers will pay
  4. 6
  5. 20
  6. 2
  7. 33
  8. 10 rupees
  9. 66
  10. 32
  11. 2
  12. 75
  13. 25
  14. 75
  15. 6
  16. 25
  17. 60
  18. 11
  19. 54
  20. 10
  21. 1
  22. 65
  23. 50
  24. 45
  25. 54
  26. 15
  27. 8
  28. 20
  29. 55
  30. 10
  31. 30
  32. 25
  33. 72
  34. 10
  35. 5
  36. 10
  37. 10
  38. 31
  39. cost + a markup
  40. 72

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