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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 215 · 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 cupcake costs ₹16 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  3. 3.One painted pebble costs ₹14 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹35 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹52 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹45 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹24 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹54 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹28 to make and Ananya sells it for ₹35. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹52 to make and Dev sells it for ₹78. What is the markup in percent?
  11. 11.One potted plant costs ₹60 to make and Tara sells it for ₹90. What is the markup in percent?
  12. 12.One potted plant costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  14. 14.One paper bookmark costs ₹12 to make and Aarav sells it for ₹24. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹52 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  17. 17.One jute bag costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  19. 19.One friendship band costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹19 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹56 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹32 to make and Arjun sells it for ₹40. What is the markup in percent?
  23. 23.One paper bookmark costs ₹60 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹12 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  28. 28.One friendship band costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹18 to make and Riya sells it for ₹27. What is the markup in percent?
  30. 30.One handmade card costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹28 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹49 to make and Zoya sells it for ₹98. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹55 to make and Gurpreet sells it for ₹110. What is the markup in percent?
  34. 34.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  35. 35.One painted pebble costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹32 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹48 to make and Ananya sells it for ₹60. What is the markup in percent?
  39. 39.One fruit cup costs ₹44 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹38 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 8
  2. what buyers will pay
  3. 28
  4. 35
  5. 65
  6. 9
  7. 36
  8. 108
  9. 25
  10. 50
  11. 50
  12. 18
  13. 10
  14. 100
  15. 13
  16. cost + a markup
  17. 6
  18. a loss
  19. 33
  20. 19
  21. 112
  22. 25
  23. 15
  24. 44
  25. 55
  26. 15
  27. 10
  28. 20
  29. 50
  30. 24
  31. 35
  32. 100
  33. 100
  34. 10 rupees
  35. 35
  36. 4
  37. 64
  38. 25
  39. 11
  40. 57

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