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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 261 · 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 ₹28 to make and Tara sells it for ₹42. What is the markup in percent?
  2. 2.One cupcake costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  4. 4.One fruit cup costs ₹60 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹14 to make and Arjun sells it for ₹21. What is the markup in percent?
  6. 6.One potted plant costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  7. 7.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  8. 8.One bag of popcorn costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  10. 10.One jute bag costs ₹45 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One painted pebble costs ₹24 to make and Saanvi sells it for ₹36. What is the markup in percent?
  13. 13.One handmade card costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹36 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  16. 16.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  17. 17.One glass of chai costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  19. 19.One friendship band costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹22 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹58 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  26. 26.One cupcake costs ₹32 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹50 to make and Vihaan sells it for ₹100. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹31 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹28 to make and Arjun sells it for ₹35. What is the markup in percent?
  31. 31.One friendship band costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹40 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹44 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹34 to make and Gurpreet sells it for ₹51. What is the markup in percent?
  35. 35.One jute bag costs ₹10 to make and Tara sells it for ₹12. What is the markup in percent?
  36. 36.One clay diya costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  37. 37.One glass of chai costs ₹55 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹36 to make and Vihaan sells it for ₹54. What is the markup in percent?
  39. 39.One paper bookmark costs ₹13 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹36 to make and Ishaan sells it for ₹45. What is the markup in percent?

Answer key

  1. 50
  2. 6
  3. what buyers will pay
  4. 75
  5. 50
  6. 10
  7. a loss
  8. 72
  9. 10
  10. 9
  11. 22
  12. 50
  13. 2
  14. 45
  15. 10
  16. cost + a markup
  17. 30
  18. 10 rupees
  19. 1
  20. 20
  21. 12
  22. 11
  23. 87
  24. 3
  25. 10
  26. 48
  27. 100
  28. 62
  29. 66
  30. 25
  31. 44
  32. 44
  33. 11
  34. 50
  35. 20
  36. 10
  37. 66
  38. 50
  39. 26
  40. 25

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