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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 274 · 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 and Kavya sells it for ₹40. What is the markup in percent?
  2. 2.One handmade card costs ₹49 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹20 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹48 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹16 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹60 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹30 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹10 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  13. 13.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  14. 14.One bag of popcorn costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  18. 18.One painted pebble costs ₹50 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  19. 19.One cupcake costs ₹49 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹26 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  24. 24.One potted plant costs ₹22 to make and Zoya sells it for ₹44. What is the markup in percent?
  25. 25.One glass of chai costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹36 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹54 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹31 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹35 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹17 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹52 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  36. 36.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  37. 37.One painted pebble costs ₹18 to make and Lakshmi sells it for ₹27. What is the markup in percent?
  38. 38.One friendship band costs ₹15 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹10 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹31 to make and Joseph sells it for ₹62. What is the markup in percent?

Answer key

  1. 100
  2. 49
  3. 55
  4. 30
  5. 72
  6. 32
  7. 66
  8. 15
  9. 3
  10. 12
  11. 2
  12. 10
  13. what buyers will pay
  14. 72
  15. 5
  16. 60
  17. a loss
  18. 20
  19. 98
  20. 1
  21. 11
  22. 13
  23. 10
  24. 100
  25. 5
  26. 11
  27. 54
  28. 27
  29. 62
  30. 7
  31. 17
  32. 4
  33. 10
  34. 26
  35. 20
  36. cost + a markup
  37. 50
  38. 18
  39. 20
  40. 100

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