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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 117 · 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.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  2. 2.One handmade card costs ₹60 to make and Joseph sells it for ₹72. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹38 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹15 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  6. 6.One potted plant costs ₹25 to make and Kavya sells it for ₹50. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹48 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹16 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹43 to make and Tara sells it for ₹86. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹40 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One friendship band costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹15 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹54 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One painted pebble costs ₹20 to make and Nisha sells it for ₹25. What is the markup in percent?
  15. 15.One jute bag costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹22 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹49 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹60 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  21. 21.One friendship band costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹14 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹27 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹32 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹20 to make and Saanvi sells it for ₹25. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹18 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  29. 29.One fruit cup costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹40 to make and Meera sells it for ₹48. What is the markup in percent?
  31. 31.One glass of chai costs ₹49 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹56 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹24 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹48 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  36. 36.One glass of chai costs ₹44 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹52 to make and Dev sells it for ₹65. What is the markup in percent?
  38. 38.One fruit cup costs ₹55 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹50 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹12 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 20
  3. 19
  4. 15
  5. what buyers will pay
  6. 100
  7. 12
  8. 20
  9. 100
  10. 40
  11. 10
  12. 18
  13. 54
  14. 25
  15. 33
  16. 11
  17. 98
  18. 30
  19. 12
  20. 10
  21. 4
  22. 21
  23. 54
  24. 40
  25. 25
  26. 27
  27. 25
  28. 10
  29. 7
  30. 20
  31. 98
  32. 28
  33. 30
  34. 60
  35. 10 rupees
  36. 55
  37. 25
  38. 55
  39. 60
  40. 15

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