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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 198 · 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 ₹23 to make and Ishaan sells it for ₹46. What is the markup in percent?
  2. 2.One clay diya costs ₹12 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹28 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹10 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One bag of popcorn costs ₹52 to make and Diya sells it for ₹65. What is the markup in percent?
  7. 7.One friendship band costs ₹45 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹12 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?
  11. 11.One cupcake costs ₹54 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹44 to make and Tara sells it for ₹88. What is the markup in percent?
  13. 13.One potted plant costs ₹12 to make and Gurpreet sells it for ₹18. What is the markup in percent?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  15. 15.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  16. 16.One friendship band costs ₹28 to make and Tara sells it for ₹35. What is the markup in percent?
  17. 17.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  18. 18.One paper bookmark costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹16 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹30 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹34 to make and Aarav sells it for ₹51. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹50 to make and Rohan sells it for ₹55. What is the markup in percent?
  23. 23.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  24. 24.One fruit cup costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹36 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  31. 31.One handmade card costs ₹15 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹60 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹11 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?
  35. 35.One paper bookmark costs ₹52 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹58 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹32 to make and Arjun sells it for ₹40. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹20 to make and Vihaan sells it for ₹25. What is the markup in percent?

Answer key

  1. 100
  2. 6
  3. 42
  4. 12
  5. 48
  6. 25
  7. 9
  8. 1
  9. 3
  10. 10
  11. 54
  12. 100
  13. 50
  14. 10 rupees
  15. a loss
  16. 25
  17. cost + a markup
  18. 2
  19. 32
  20. 45
  21. 50
  22. 10
  23. what buyers will pay
  24. 22
  25. 66
  26. 45
  27. 5
  28. 33
  29. 66
  30. 10
  31. 3
  32. 12
  33. 11
  34. 10
  35. 13
  36. 30
  37. 15
  38. 58
  39. 25
  40. 25

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