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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 249 · 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 ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One potted plant costs ₹35 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹19 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹20 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  6. 6.One fruit cup costs ₹23 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  8. 8.One jute bag costs ₹50 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One painted pebble costs ₹48 to make and Aarav sells it for ₹72. What is the markup in percent?
  10. 10.One jute bag costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One friendship band costs ₹39 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹38 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  14. 14.One clay diya costs ₹14 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  16. 16.One handmade card costs ₹45 to make and Rohan sells it for ₹54. What is the markup in percent?
  17. 17.One clay diya costs ₹44 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹46 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  20. 20.One potted plant costs ₹34 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹17 to make and Dev sells it for ₹34. What is the markup in percent?
  22. 22.One paper bookmark costs ₹48 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹32 to make and Rohan sells it for ₹40. What is the markup in percent?
  24. 24.One paper bookmark costs ₹36 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  25. 25.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  26. 26.One cup of lemonade costs ₹12 to make and Ishaan sells it for ₹24. What is the markup in percent?
  27. 27.One clay diya costs ₹48 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  28. 28.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  29. 29.One glass of chai costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹12 to make and Vihaan sells it for ₹15. What is the markup in percent?
  32. 32.One cupcake costs ₹30 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹23 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹40 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹22 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  38. 38.One clay diya costs ₹44 to make and Meera sells it for ₹88. What is the markup in percent?
  39. 39.One jute bag costs ₹12 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 6
  2. 42
  3. 19
  4. 2
  5. cost + a markup
  6. 46
  7. 20
  8. 10
  9. 50
  10. 8
  11. 39
  12. 57
  13. 20
  14. 14
  15. 10
  16. 20
  17. 55
  18. 92
  19. 10 rupees
  20. 17
  21. 100
  22. 48
  23. 25
  24. 54
  25. a loss
  26. 100
  27. 60
  28. what buyers will pay
  29. 33
  30. 4
  31. 25
  32. 36
  33. 46
  34. 5
  35. 8
  36. 22
  37. 20
  38. 100
  39. 18
  40. 66

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