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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 119 · 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 ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  3. 3.One bag of popcorn costs ₹30 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One potted plant costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  6. 6.One handmade card costs ₹25 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹45 to make and Rohan sells it for ₹54. What is the markup in percent?
  8. 8.One painted pebble costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹58 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹21 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹34 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹43 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  14. 14.One cupcake costs ₹34 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹54 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹38 to make and Tara sells it for ₹57. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹38 to make and Joseph sells it for ₹76. What is the markup in percent?
  18. 18.One clay diya costs ₹50 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹20 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹14 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹20 to make and Aarav sells it for ₹24. What is the markup in percent?
  25. 25.One glass of chai costs ₹10 to make and Farhan sells it for ₹15. What is the markup in percent?
  26. 26.One potted plant costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹32 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹56 to make and Arjun sells it for ₹70. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹26 to make and Vihaan sells it for ₹39. What is the markup in percent?
  30. 30.One glass of chai costs ₹32 to make and Arjun sells it for ₹48. What is the markup in percent?
  31. 31.One fruit cup costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹20 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  33. 33.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  34. 34.One paper bookmark costs ₹35 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹48 to make and Saanvi sells it for ₹96. What is the markup in percent?
  36. 36.One jute bag costs ₹36 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹34 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹33 to make and Tara sells it for ₹66. What is the markup in percent?
  39. 39.One painted pebble costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹12 to make and Rohan sells it for ₹15. What is the markup in percent?

Answer key

  1. 5
  2. a loss
  3. 15
  4. 40
  5. 10 rupees
  6. 30
  7. 20
  8. 11
  9. 29
  10. 21
  11. 17
  12. 86
  13. cost + a markup
  14. 68
  15. 108
  16. 50
  17. 100
  18. 55
  19. 11
  20. 18
  21. 30
  22. 14
  23. 11
  24. 20
  25. 50
  26. 3
  27. 64
  28. 25
  29. 50
  30. 50
  31. 7
  32. 20
  33. what buyers will pay
  34. 42
  35. 100
  36. 36
  37. 51
  38. 100
  39. 44
  40. 25

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