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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 133 · 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 potted plant costs ₹17 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One potted plant costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹33 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  6. 6.One clay diya costs ₹20 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹37 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹48 to make and Vihaan sells it for ₹96. What is the markup in percent?
  9. 9.One potted plant costs ₹25 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹38 to make and Vihaan sells it for ₹57. What is the markup in percent?
  11. 11.One paper bookmark costs ₹35 to make and Kavya sells it for ₹70. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹40 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  14. 14.One handmade card costs ₹30 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹55 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹24 to make and Rohan sells it for ₹30. What is the markup in percent?
  17. 17.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  19. 19.One glass of chai costs ₹55 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹10 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹58 to make and Arjun sells it for ₹87. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹16 to make and Lakshmi sells it for ₹20. What is the markup in percent?
  26. 26.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  27. 27.One jute bag costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  28. 28.One glass of chai costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹56 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹59 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹40 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹60 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹22 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹12 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹60 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹20 to make and Joseph sells it for ₹25. What is the markup in percent?
  40. 40.One painted pebble costs ₹58 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 34
  2. 14
  3. 11
  4. 66
  5. a loss
  6. 30
  7. 74
  8. 100
  9. 5
  10. 50
  11. 100
  12. 40
  13. 10
  14. 36
  15. 11
  16. 25
  17. what buyers will pay
  18. 10 rupees
  19. 11
  20. 10
  21. 4
  22. 22
  23. 22
  24. 50
  25. 25
  26. cost + a markup
  27. 10
  28. 12
  29. 22
  30. 84
  31. 59
  32. 60
  33. 30
  34. 11
  35. 40
  36. 22
  37. 3
  38. 30
  39. 25
  40. 58

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