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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 143 · 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 bag of popcorn costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One potted plant costs ₹60 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  4. 4.One painted pebble costs ₹12 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹50 to make and Zoya sells it for ₹60. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹32 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  8. 8.One cup of lemonade costs ₹35 to make and Arjun sells it for ₹70. What is the markup in percent?
  9. 9.One potted plant costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  11. 11.One fruit cup costs ₹20 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹55 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹55 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  17. 17.One friendship band costs ₹14 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹14 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹52 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹33 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  25. 25.One clay diya costs ₹55 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹60 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹44 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹60 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  30. 30.One glass of chai costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  34. 34.One handmade card costs ₹45 to make and Arjun sells it for ₹90. What is the markup in percent?
  35. 35.One friendship band costs ₹15 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹10 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹28 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹20 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 55
  2. 75
  3. what buyers will pay
  4. 15
  5. 20
  6. 8
  7. a loss
  8. 100
  9. 20
  10. 10
  11. 4
  12. 66
  13. 72
  14. 55
  15. 11
  16. cost + a markup
  17. 21
  18. 66
  19. 33
  20. 14
  21. 20
  22. 13
  23. 66
  24. 10
  25. 110
  26. 75
  27. 11
  28. 12
  29. 10 rupees
  30. 1
  31. 42
  32. 10
  33. 10
  34. 100
  35. 18
  36. 42
  37. 15
  38. 35
  39. 10
  40. 70

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