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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 319 · 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 ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹20 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One cupcake costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  6. 6.One handmade card costs ₹40 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  9. 9.One clay diya costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  10. 10.One potted plant costs ₹24 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  12. 12.One jute bag costs ₹50 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹58 to make and Meera sells it for ₹87. What is the markup in percent?
  15. 15.One jute bag costs ₹24 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹22 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  18. 18.One glass of chai costs ₹32 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹40 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹12 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹29 to make and Vihaan sells it for ₹58. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹41 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹36 to make and Meera sells it for ₹45. What is the markup in percent?
  26. 26.One handmade card costs ₹24 to make and Kabir sells it for ₹48. What is the markup in percent?
  27. 27.One clay diya costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹35 to make and Nisha sells it for ₹42. What is the markup in percent?
  30. 30.One potted plant costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  31. 31.One glass of chai costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  32. 32.One cupcake costs ₹15 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹32 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  35. 35.One painted pebble costs ₹45 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹25 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  38. 38.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  39. 39.One cupcake costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  40. 40.One friendship band costs ₹37 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 60
  2. 22
  3. 30
  4. 22
  5. what buyers will pay
  6. 48
  7. 3
  8. 25
  9. 20
  10. 30
  11. a loss
  12. 5
  13. 54
  14. 50
  15. 6
  16. 22
  17. 10
  18. 16
  19. 10
  20. 8
  21. 12
  22. 75
  23. 100
  24. 82
  25. 25
  26. 100
  27. 22
  28. 24
  29. 20
  30. 10
  31. 10
  32. 3
  33. 16
  34. cost + a markup
  35. 54
  36. 11
  37. 30
  38. 10 rupees
  39. 10
  40. 74

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