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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 191 · 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 paper bookmark costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One potted plant costs ₹48 to make and Kabir sells it for ₹96. What is the markup in percent?
  3. 3.One jute bag costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹20 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One fruit cup costs ₹22 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹36 to make and Saanvi sells it for ₹72. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  8. 8.One handmade card costs ₹24 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹16 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹15 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹41 to make and Rohan sells it for ₹82. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹24 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  16. 16.One painted pebble costs ₹36 to make and Joseph sells it for ₹45. What is the markup in percent?
  17. 17.One clay diya costs ₹40 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹12 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  20. 20.One clay diya costs ₹42 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹50 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  24. 24.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  25. 25.One paper bookmark costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹43 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹46 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹18 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹30 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹35 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹27 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹40 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹40 to make and Gurpreet sells it for ₹50. What is the markup in percent?
  37. 37.One fruit cup costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  38. 38.One friendship band costs ₹20 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹31 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹50 to make. Meera adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 66
  2. 100
  3. 44
  4. 10
  5. 33
  6. 100
  7. what buyers will pay
  8. 36
  9. 8
  10. 4
  11. 7
  12. 15
  13. 100
  14. 24
  15. cost + a markup
  16. 25
  17. 10
  18. 18
  19. 10
  20. 84
  21. 10
  22. 40
  23. 10 rupees
  24. a loss
  25. 6
  26. 43
  27. 23
  28. 36
  29. 4
  30. 18
  31. 45
  32. 1
  33. 7
  34. 54
  35. 48
  36. 25
  37. 25
  38. 30
  39. 62
  40. 60

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