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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 333 · 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. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹35 to make and Farhan sells it for ₹42. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹17 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One painted pebble costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹45 to make and Joseph sells it for ₹54. What is the markup in percent?
  7. 7.One handmade card costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹20 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹16 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  12. 12.One painted pebble costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  13. 13.One potted plant costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹20 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹44 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹26 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One bag of popcorn costs ₹50 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  19. 19.One paper bookmark costs ₹25 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  21. 21.One jute bag costs ₹24 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹12 to make and Kavya sells it for ₹18. What is the markup in percent?
  23. 23.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  24. 24.One friendship band costs ₹23 to make and Tara sells it for ₹46. What is the markup in percent?
  25. 25.One potted plant costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹32 to make and Ananya sells it for ₹40. What is the markup in percent?
  27. 27.One cupcake costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  28. 28.One clay diya costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹60 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹12 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹15 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹26 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  34. 34.One clay diya costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  35. 35.One jute bag costs ₹56 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹26 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹20 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹10 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹40 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  40. 40.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number

Answer key

  1. 50
  2. 20
  3. 34
  4. 24
  5. 10
  6. 20
  7. 44
  8. 30
  9. 4
  10. 4
  11. 10 rupees
  12. 10
  13. 20
  14. 25
  15. 55
  16. 39
  17. 60
  18. 10
  19. 5
  20. 10
  21. 48
  22. 50
  23. cost + a markup
  24. 100
  25. 2
  26. 25
  27. 10
  28. 22
  29. 12
  30. 18
  31. 30
  32. 52
  33. 10
  34. 10
  35. 28
  36. 13
  37. 25
  38. 5
  39. 50
  40. what buyers will pay

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