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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 245 · 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 ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  3. 3.One painted pebble costs ₹60 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  5. 5.One friendship band costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹38 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹46 to make and Vihaan sells it for ₹69. What is the markup in percent?
  8. 8.One jute bag costs ₹45 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹20 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹10 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  13. 13.One cupcake costs ₹20 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹20 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹55 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  17. 17.One handmade card costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  20. 20.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  21. 21.One cup of lemonade costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  24. 24.One handmade card costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹16 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  27. 27.One friendship band costs ₹59 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹58 to make and Lakshmi sells it for ₹87. What is the markup in percent?
  29. 29.One glass of chai costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹40 to make and Tara sells it for ₹48. What is the markup in percent?
  31. 31.One painted pebble costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹60 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹36 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹10 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹40 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹36 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹51 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹46 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹40 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 22
  2. a loss
  3. 60
  4. 10
  5. 4
  6. 57
  7. 50
  8. 54
  9. 1
  10. 30
  11. 20
  12. 20
  13. 4
  14. 40
  15. 66
  16. what buyers will pay
  17. 55
  18. 12
  19. 10
  20. cost + a markup
  21. 2
  22. 4
  23. 10 rupees
  24. 1
  25. 20
  26. 10
  27. 118
  28. 50
  29. 11
  30. 20
  31. 9
  32. 72
  33. 18
  34. 15
  35. 22
  36. 44
  37. 45
  38. 102
  39. 46
  40. 8

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