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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 976 · 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 ₹44 to make and Riya sells it for ₹88. What is the markup in percent?
  2. 2.One glass of chai costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹20 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹15 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  7. 7.One clay diya costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  8. 8.One handmade card costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  10. 10.One potted plant costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  12. 12.One painted pebble costs ₹50 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹30 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹56 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹40 to make and Kavya sells it for ₹60. What is the markup in percent?
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  19. 19.One cupcake costs ₹32 to make and Rohan sells it for ₹40. What is the markup in percent?
  20. 20.One friendship band costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹24 to make and Nisha sells it for ₹36. What is the markup in percent?
  23. 23.One glass of chai costs ₹38 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹23 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  26. 26.One friendship band costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  27. 27.One glass of chai costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹33 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  30. 30.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  31. 31.One handmade card costs ₹32 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹50 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹55 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹10 to make and Diya sells it for ₹20. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹50 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹14 to make and Nisha sells it for ₹21. What is the markup in percent?
  38. 38.One handmade card costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹60 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹20 to make. Riya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 100
  2. 5
  3. 25
  4. 1
  5. 3
  6. cost + a markup
  7. 20
  8. 1
  9. 20
  10. 44
  11. a loss
  12. 60
  13. 6
  14. 1
  15. 70
  16. 50
  17. 50
  18. 10 rupees
  19. 25
  20. 10
  21. 5
  22. 50
  23. 19
  24. 23
  25. 25
  26. 10
  27. 4
  28. 66
  29. 66
  30. what buyers will pay
  31. 16
  32. 25
  33. 66
  34. 100
  35. 22
  36. 20
  37. 50
  38. 10
  39. 12
  40. 30

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