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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 159 · 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 friendship band costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹25 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  4. 4.One cup of lemonade costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹48 to make and Arjun sells it for ₹60. What is the markup in percent?
  6. 6.One fruit cup costs ₹18 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹15 to make and Saanvi sells it for ₹18. What is the markup in percent?
  8. 8.One painted pebble costs ₹46 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹20 to make and Lakshmi sells it for ₹40. What is the markup in percent?
  11. 11.One cupcake costs ₹11 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹56 to make and Dev sells it for ₹84. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹26 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹20 to make and Nisha sells it for ₹40. What is the markup in percent?
  15. 15.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  16. 16.One handmade card costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹60 to make and Vihaan sells it for ₹75. What is the markup in percent?
  18. 18.One fruit cup costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  19. 19.One glass of chai costs ₹42 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  21. 21.One jute bag costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹24 to make and Kavya sells it for ₹48. What is the markup in percent?
  23. 23.One paper bookmark costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  25. 25.One cupcake costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹44 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹56 to make and Dev sells it for ₹70. What is the markup in percent?
  28. 28.One cupcake costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  30. 30.One handmade card costs ₹47 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹20 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  34. 34.One paper bookmark costs ₹36 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹35 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  36. 36.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  37. 37.One potted plant costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹59 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹36 to make and Zoya sells it for ₹45. What is the markup in percent?

Answer key

  1. 24
  2. 5
  3. what buyers will pay
  4. 44
  5. 25
  6. 27
  7. 20
  8. 92
  9. 35
  10. 100
  11. 22
  12. 50
  13. 39
  14. 100
  15. a loss
  16. 48
  17. 25
  18. 10
  19. 42
  20. 10 rupees
  21. 1
  22. 100
  23. 30
  24. 10
  25. 2
  26. 55
  27. 25
  28. 2
  29. 20
  30. 47
  31. 66
  32. 30
  33. 10
  34. 45
  35. 42
  36. cost + a markup
  37. 5
  38. 118
  39. 6
  40. 25

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