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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 326 · 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 ₹30 to make and Rohan sells it for ₹36. What is the markup in percent?
  2. 2.One paper bookmark costs ₹30 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  4. 4.One cupcake costs ₹15 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹18 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹44 to make and Gurpreet sells it for ₹88. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹26 to make and Farhan sells it for ₹39. What is the markup in percent?
  8. 8.One clay diya costs ₹42 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹14 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  11. 11.One clay diya costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  14. 14.One bag of popcorn costs ₹56 to make and Gurpreet sells it for ₹70. What is the markup in percent?
  15. 15.One paper bookmark costs ₹54 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One fruit cup costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  17. 17.One glass of chai costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹44 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  21. 21.One potted plant costs ₹14 to make and Diya sells it for ₹21. What is the markup in percent?
  22. 22.One painted pebble costs ₹28 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  24. 24.One painted pebble costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹46 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  28. 28.One handmade card costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹24 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹56 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹40 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹22 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹45 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹21 to make and Saanvi sells it for ₹42. What is the markup in percent?
  38. 38.One paper bookmark costs ₹13 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹55 to make and Kabir sells it for ₹110. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹12 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 6
  3. 10
  4. 30
  5. 27
  6. 100
  7. 50
  8. 21
  9. 21
  10. a loss
  11. 3
  12. 3
  13. cost + a markup
  14. 25
  15. 27
  16. 10
  17. 11
  18. 11
  19. 42
  20. 10
  21. 50
  22. 28
  23. 10 rupees
  24. 22
  25. 69
  26. 11
  27. what buyers will pay
  28. 55
  29. 6
  30. 84
  31. 10
  32. 44
  33. 66
  34. 5
  35. 54
  36. 4
  37. 100
  38. 26
  39. 100
  40. 15

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