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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 999 · 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) 50 rupees (c) 5 rupees (d) 20 rupees
  2. 2.One handmade card costs ₹25 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹44 to make and Kabir sells it for ₹55. What is the markup in percent?
  5. 5.One potted plant costs ₹36 to make and Kavya sells it for ₹45. What is the markup in percent?
  6. 6.One potted plant costs ₹45 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  8. 8.One jute bag costs ₹20 to make and Aarav sells it for ₹40. What is the markup in percent?
  9. 9.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  10. 10.One cup of lemonade costs ₹60 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  12. 12.One painted pebble costs ₹50 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One painted pebble costs ₹20 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹24 to make and Kavya sells it for ₹30. What is the markup in percent?
  16. 16.One paper bookmark costs ₹19 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  18. 18.One paper bookmark costs ₹55 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One clay diya costs ₹16 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹45 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹55 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹52 to make and Joseph sells it for ₹78. What is the markup in percent?
  25. 25.One handmade card costs ₹40 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹40 to make and Vihaan sells it for ₹50. What is the markup in percent?
  27. 27.One friendship band costs ₹56 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹42 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹28 to make and Saanvi sells it for ₹35. What is the markup in percent?
  30. 30.One handmade card costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹48 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹28 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹10 to make and Farhan sells it for ₹20. What is the markup in percent?
  34. 34.One clay diya costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  35. 35.One glass of chai costs ₹16 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹54 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹20 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹36 to make and Meera sells it for ₹45. What is the markup in percent?
  40. 40.One fruit cup costs ₹52 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 5
  3. 2
  4. 25
  5. 25
  6. 90
  7. what buyers will pay
  8. 100
  9. a loss
  10. 72
  11. cost + a markup
  12. 25
  13. 1
  14. 5
  15. 25
  16. 19
  17. 20
  18. 11
  19. 8
  20. 44
  21. 45
  22. 3
  23. 11
  24. 50
  25. 50
  26. 25
  27. 28
  28. 21
  29. 25
  30. 33
  31. 24
  32. 35
  33. 100
  34. 10
  35. 4
  36. 25
  37. 108
  38. 30
  39. 25
  40. 52

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