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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 346 · 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 ₹37 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One fruit cup costs ₹14 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹57 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  6. 6.One handmade card costs ₹23 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹32 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹35 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  10. 10.One glass of chai costs ₹40 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹44 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  15. 15.One painted pebble costs ₹35 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  17. 17.One fruit cup costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹40 to make and Saanvi sells it for ₹50. What is the markup in percent?
  19. 19.One fruit cup costs ₹60 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹45 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹34 to make and Riya sells it for ₹51. What is the markup in percent?
  22. 22.One jute bag costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  23. 23.One handmade card costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  25. 25.One cup of lemonade costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹20 to make and Kabir sells it for ₹30. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹34 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹10 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  31. 31.One cupcake costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹21 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  35. 35.One cupcake costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹27 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹32 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹50 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹20 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 74
  2. 28
  3. 57
  4. 11
  5. a loss
  6. 46
  7. 32
  8. 42
  9. cost + a markup
  10. 44
  11. 3
  12. 66
  13. 11
  14. what buyers will pay
  15. 35
  16. 20
  17. 2
  18. 25
  19. 60
  20. 54
  21. 50
  22. 10
  23. 55
  24. 10 rupees
  25. 33
  26. 50
  27. 45
  28. 34
  29. 10
  30. 10
  31. 11
  32. 60
  33. 42
  34. 10
  35. 11
  36. 27
  37. 48
  38. 55
  39. 20
  40. 18

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