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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 345 · 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 handmade card costs ₹20 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One jute bag costs ₹50 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  4. 4.One handmade card costs ₹20 to make and Kavya sells it for ₹30. What is the markup in percent?
  5. 5.One glass of chai costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  7. 7.One paper bookmark costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  9. 9.One jute bag costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹40 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  12. 12.One cupcake costs ₹60 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One potted plant costs ₹12 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹12 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹12 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹28 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹20 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹38 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹44 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹59 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹40 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  32. 32.One cup of lemonade costs ₹45 to make and Kavya sells it for ₹54. What is the markup in percent?
  33. 33.One glass of chai costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹47 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  36. 36.One cupcake costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹45 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹14 to make and Ananya sells it for ₹21. What is the markup in percent?
  39. 39.One paper bookmark costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹34 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 24
  2. 75
  3. cost + a markup
  4. 50
  5. 44
  6. what buyers will pay
  7. 10
  8. a loss
  9. 3
  10. 10
  11. 10
  12. 15
  13. 6
  14. 3
  15. 3
  16. 2
  17. 35
  18. 8
  19. 40
  20. 76
  21. 3
  22. 11
  23. 22
  24. 118
  25. 2
  26. 20
  27. 5
  28. 3
  29. 11
  30. 4
  31. 10 rupees
  32. 20
  33. 11
  34. 47
  35. 20
  36. 22
  37. 54
  38. 50
  39. 30
  40. 51

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