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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 230 · 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 clay diya costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹12 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹60 to make and Arjun sells it for ₹66. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹44 to make and Dev sells it for ₹66. What is the markup in percent?
  5. 5.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  6. 6.One paper bookmark costs ₹48 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  8. 8.One painted pebble costs ₹14 to make and Aarav sells it for ₹21. What is the markup in percent?
  9. 9.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  10. 10.One cupcake costs ₹40 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹55 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹42 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹60 to make and Dev sells it for ₹75. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹20 to make and Saanvi sells it for ₹24. What is the markup in percent?
  15. 15.One cupcake costs ₹16 to make and Arjun sells it for ₹20. What is the markup in percent?
  16. 16.One clay diya costs ₹38 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹58 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?
  19. 19.One fruit cup costs ₹60 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹12 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹45 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹18 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹12 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹55 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹35 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹24 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹60 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  31. 31.One glass of chai costs ₹16 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹24 to make and Kavya sells it for ₹36. What is the markup in percent?
  33. 33.One potted plant costs ₹28 to make and Aarav sells it for ₹35. What is the markup in percent?
  34. 34.One jute bag costs ₹28 to make and Dev sells it for ₹42. What is the markup in percent?
  35. 35.One potted plant costs ₹39 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹14 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹40 to make and Kavya sells it for ₹80. What is the markup in percent?
  39. 39.One paper bookmark costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹14 to make and Joseph sells it for ₹21. What is the markup in percent?

Answer key

  1. 55
  2. 18
  3. 10
  4. 50
  5. cost + a markup
  6. 96
  7. a loss
  8. 50
  9. what buyers will pay
  10. 50
  11. 110
  12. 21
  13. 25
  14. 20
  15. 25
  16. 19
  17. 116
  18. 25
  19. 15
  20. 3
  21. 54
  22. 9
  23. 15
  24. 66
  25. 42
  26. 6
  27. 4
  28. 12
  29. 30
  30. 10
  31. 16
  32. 50
  33. 25
  34. 50
  35. 78
  36. 42
  37. 21
  38. 100
  39. 1
  40. 50

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