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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 123 · 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 ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹40 to make and Saanvi sells it for ₹60. What is the markup in percent?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  4. 4.One bag of popcorn costs ₹16 to make and Kabir sells it for ₹24. What is the markup in percent?
  5. 5.One painted pebble costs ₹10 to make and Ananya sells it for ₹20. What is the markup in percent?
  6. 6.One potted plant costs ₹28 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One cup of lemonade costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹40 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹48 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  12. 12.One bag of popcorn costs ₹36 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  14. 14.One jute bag costs ₹55 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  16. 16.One potted plant costs ₹36 to make and Dev sells it for ₹72. What is the markup in percent?
  17. 17.One fruit cup costs ₹48 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  20. 20.One glass of chai costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹44 to make and Nisha sells it for ₹66. What is the markup in percent?
  24. 24.One glass of chai costs ₹46 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹60 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹40 to make and Dev sells it for ₹48. What is the markup in percent?
  27. 27.One paper bookmark costs ₹20 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹40 to make and Farhan sells it for ₹60. What is the markup in percent?
  29. 29.One jute bag costs ₹40 to make and Vihaan sells it for ₹50. What is the markup in percent?
  30. 30.One cupcake costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹50 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹60 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹55 to make and Tara sells it for ₹66. What is the markup in percent?
  37. 37.One glass of chai costs ₹38 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹56 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹56 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹55 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 66
  2. 50
  3. 10 rupees
  4. 50
  5. 100
  6. 7
  7. 55
  8. 48
  9. 33
  10. 72
  11. cost + a markup
  12. 54
  13. 10
  14. 11
  15. what buyers will pay
  16. 100
  17. 60
  18. 4
  19. a loss
  20. 22
  21. 4
  22. 55
  23. 50
  24. 69
  25. 72
  26. 20
  27. 30
  28. 50
  29. 25
  30. 15
  31. 1
  32. 10
  33. 18
  34. 66
  35. 75
  36. 20
  37. 19
  38. 14
  39. 84
  40. 11

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