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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 291 · 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 ₹40 to make and Saanvi sells it for ₹48. What is the markup in percent?
  2. 2.One potted plant costs ₹28 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  4. 4.One cupcake costs ₹45 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  5. 5.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  6. 6.One potted plant costs ₹26 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One bag of popcorn costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹12 to make and Farhan sells it for ₹15. What is the markup in percent?
  9. 9.One friendship band costs ₹50 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹48 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  12. 12.One friendship band costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹40 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  15. 15.One paper bookmark costs ₹20 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  17. 17.One paper bookmark costs ₹50 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹60 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹23 to make and Vihaan sells it for ₹46. What is the markup in percent?
  22. 22.One fruit cup costs ₹45 to make and Vihaan sells it for ₹54. What is the markup in percent?
  23. 23.One handmade card costs ₹11 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹20 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹36 to make and Diya sells it for ₹72. What is the markup in percent?
  26. 26.One painted pebble costs ₹21 to make and Diya sells it for ₹42. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹32 to make and Kabir sells it for ₹48. What is the markup in percent?
  29. 29.One glass of chai costs ₹26 to make and Riya sells it for ₹39. What is the markup in percent?
  30. 30.One potted plant costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  34. 34.One cupcake costs ₹15 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹50 to make and Kavya sells it for ₹60. What is the markup in percent?
  36. 36.One glass of chai costs ₹28 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹50 to make and Kabir sells it for ₹75. What is the markup in percent?
  38. 38.One clay diya costs ₹28 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹41 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 42
  3. 10 rupees
  4. 20
  5. cost + a markup
  6. 39
  7. 6
  8. 25
  9. 5
  10. 72
  11. a loss
  12. 5
  13. 60
  14. what buyers will pay
  15. 2
  16. 10
  17. 25
  18. 66
  19. 12
  20. 5
  21. 100
  22. 20
  23. 11
  24. 25
  25. 100
  26. 100
  27. 20
  28. 50
  29. 50
  30. 75
  31. 60
  32. 44
  33. 10
  34. 3
  35. 20
  36. 7
  37. 50
  38. 35
  39. 66
  40. 82

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