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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 206 · 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 ₹18 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  2. 2.One potted plant costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹12 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹50 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One clay diya costs ₹54 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹32 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹24 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One clay diya costs ₹40 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹40 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  12. 12.One bag of popcorn costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  13. 13.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  14. 14.One cupcake costs ₹20 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹12 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹54 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹44 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  20. 20.One friendship band costs ₹15 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  23. 23.One clay diya costs ₹20 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹50 to make and Riya sells it for ₹60. What is the markup in percent?
  25. 25.One cupcake costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  27. 27.One cupcake costs ₹14 to make and Tara sells it for ₹28. What is the markup in percent?
  28. 28.One paper bookmark costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹44 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹56 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹58 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹14 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹20 to make and Tara sells it for ₹24. What is the markup in percent?
  36. 36.One paper bookmark costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  37. 37.One cupcake costs ₹10 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹25 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹20 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 27
  2. 55
  3. 3
  4. 15
  5. 25
  6. 108
  7. 48
  8. 12
  9. 10
  10. 50
  11. cost + a markup
  12. 44
  13. what buyers will pay
  14. 24
  15. 15
  16. 22
  17. 27
  18. 22
  19. a loss
  20. 3
  21. 5
  22. 10
  23. 5
  24. 20
  25. 4
  26. 10 rupees
  27. 100
  28. 66
  29. 11
  30. 28
  31. 87
  32. 24
  33. 11
  34. 7
  35. 20
  36. 10
  37. 5
  38. 5
  39. 4
  40. 66

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