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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 279 · 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 ₹12 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹50 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  4. 4.One clay diya costs ₹42 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  6. 6.One bag of popcorn costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹14 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹28 to make and Tara sells it for ₹42. What is the markup in percent?
  9. 9.One paper bookmark costs ₹12 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹12 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹24 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹53 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹36 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹45 to make and Ishaan sells it for ₹54. What is the markup in percent?
  16. 16.One potted plant costs ₹56 to make and Saanvi sells it for ₹70. What is the markup in percent?
  17. 17.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  18. 18.One painted pebble costs ₹48 to make and Vihaan sells it for ₹60. What is the markup in percent?
  19. 19.One jute bag costs ₹22 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹54 to make and Arjun sells it for ₹108. What is the markup in percent?
  21. 21.One cupcake costs ₹52 to make and Rohan sells it for ₹65. What is the markup in percent?
  22. 22.One handmade card costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  23. 23.One fruit cup costs ₹20 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹60 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹10 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  27. 27.One cupcake costs ₹48 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹57 to make and Meera sells it for ₹114. What is the markup in percent?
  29. 29.One cupcake costs ₹14 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  30. 30.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  31. 31.One painted pebble costs ₹24 to make and Vihaan sells it for ₹48. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹51 to make and Gurpreet sells it for ₹102. What is the markup in percent?
  33. 33.One glass of chai costs ₹15 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹40 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹48 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹25 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 6
  2. 60
  3. a loss
  4. 42
  5. 10 rupees
  6. 1
  7. 21
  8. 50
  9. 24
  10. 15
  11. 12
  12. 106
  13. 45
  14. 6
  15. 20
  16. 25
  17. cost + a markup
  18. 25
  19. 11
  20. 100
  21. 25
  22. 10
  23. 24
  24. 75
  25. 5
  26. 10
  27. 12
  28. 100
  29. 21
  30. what buyers will pay
  31. 100
  32. 100
  33. 18
  34. 10
  35. 50
  36. 12
  37. 6
  38. 25
  39. 12
  40. 22

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