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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 302 · 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 ₹39 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One clay diya costs ₹16 to make and Ishaan sells it for ₹24. What is the markup in percent?
  3. 3.One handmade card costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹31 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹32 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹23 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  9. 9.One potted plant costs ₹36 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹22 to make and Joseph sells it for ₹33. What is the markup in percent?
  11. 11.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  12. 12.One handmade card costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹32 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹50 to make and Diya sells it for ₹75. What is the markup in percent?
  15. 15.One potted plant costs ₹12 to make and Ishaan sells it for ₹18. What is the markup in percent?
  16. 16.One clay diya costs ₹50 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹45 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹38 to make and Vihaan sells it for ₹57. What is the markup in percent?
  22. 22.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  23. 23.One cupcake costs ₹20 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹48 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹36 to make and Diya sells it for ₹54. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹16 to make and Riya sells it for ₹20. What is the markup in percent?
  27. 27.One painted pebble costs ₹45 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹22 to make and Kabir sells it for ₹33. What is the markup in percent?
  29. 29.One fruit cup costs ₹17 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹24 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  32. 32.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  33. 33.One bag of popcorn costs ₹48 to make and Dev sells it for ₹72. What is the markup in percent?
  34. 34.One paper bookmark costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹12 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹57 to make and Kavya sells it for ₹114. What is the markup in percent?
  37. 37.One glass of chai costs ₹40 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹30 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  40. 40.One clay diya costs ₹30 to make and Rohan sells it for ₹36. What is the markup in percent?

Answer key

  1. 78
  2. 50
  3. 66
  4. 62
  5. 33
  6. 40
  7. 23
  8. cost + a markup
  9. 45
  10. 50
  11. a loss
  12. 33
  13. 16
  14. 50
  15. 50
  16. 55
  17. 50
  18. 66
  19. 9
  20. 1
  21. 50
  22. what buyers will pay
  23. 24
  24. 24
  25. 50
  26. 25
  27. 54
  28. 50
  29. 17
  30. 72
  31. 48
  32. 10 rupees
  33. 50
  34. 72
  35. 15
  36. 100
  37. 48
  38. 15
  39. 10
  40. 20

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