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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 260 · 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 painted pebble costs ₹44 to make and Ananya sells it for ₹55. What is the markup in percent?
  2. 2.One potted plant costs ₹18 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  4. 4.One handmade card costs ₹24 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹16 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs ₹60 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹28 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  10. 10.One paper bookmark costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One cupcake costs ₹18 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  12. 12.One potted plant costs ₹30 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹15 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  15. 15.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  16. 16.One jute bag costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  20. 20.One cupcake costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹45 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹15 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹20 to make and Joseph sells it for ₹25. What is the markup in percent?
  27. 27.One painted pebble costs ₹25 to make and Meera sells it for ₹30. What is the markup in percent?
  28. 28.One fruit cup costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹24 to make and Meera sells it for ₹30. What is the markup in percent?
  30. 30.One friendship band costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹48 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  32. 32.One jute bag costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹50 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹54 to make and Zoya sells it for ₹81. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹20 to make and Gurpreet sells it for ₹25. What is the markup in percent?
  38. 38.One jute bag costs ₹20 to make and Riya sells it for ₹25. What is the markup in percent?
  39. 39.One clay diya costs ₹38 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹49 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 25
  2. 9
  3. cost + a markup
  4. 30
  5. 4
  6. 1
  7. 12
  8. 42
  9. 10 rupees
  10. 22
  11. 100
  12. 6
  13. 30
  14. a loss
  15. what buyers will pay
  16. 33
  17. 6
  18. 10
  19. 10
  20. 35
  21. 72
  22. 4
  23. 54
  24. 5
  25. 18
  26. 25
  27. 20
  28. 44
  29. 25
  30. 10
  31. 25
  32. 2
  33. 10
  34. 50
  35. 2
  36. 44
  37. 25
  38. 25
  39. 38
  40. 98

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