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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 372 · 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 cup of lemonade costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  2. 2.One jute bag costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  3. 3.One paper bookmark costs ₹17 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs ₹50 to make and Arjun sells it for ₹60. What is the markup in percent?
  5. 5.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  6. 6.One potted plant costs ₹60 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹12 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  9. 9.One clay diya costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  12. 12.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  13. 13.One potted plant costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹24 to make and Riya sells it for ₹48. What is the markup in percent?
  16. 16.One handmade card costs ₹60 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹52 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹44 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹30 to make and Ananya sells it for ₹45. What is the markup in percent?
  20. 20.One potted plant costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  22. 22.One fruit cup costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹59 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹38 to make and Zoya sells it for ₹57. What is the markup in percent?
  26. 26.One painted pebble costs ₹55 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹40 to make and Rohan sells it for ₹50. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹26 to make and Saanvi sells it for ₹39. What is the markup in percent?
  31. 31.One potted plant costs ₹56 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹56 to make and Riya sells it for ₹112. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹59 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One clay diya costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹20 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹38 to make and Rohan sells it for ₹57. What is the markup in percent?
  38. 38.One friendship band costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹50 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹16 to make and Diya sells it for ₹20. What is the markup in percent?

Answer key

  1. 10
  2. 10
  3. 17
  4. 20
  5. what buyers will pay
  6. 90
  7. 18
  8. 10
  9. 36
  10. 66
  11. 10 rupees
  12. a loss
  13. 11
  14. 72
  15. 100
  16. 12
  17. 65
  18. 88
  19. 50
  20. 5
  21. cost + a markup
  22. 2
  23. 118
  24. 11
  25. 50
  26. 55
  27. 25
  28. 1
  29. 66
  30. 50
  31. 70
  32. 100
  33. 59
  34. 2
  35. 22
  36. 10
  37. 50
  38. 22
  39. 10
  40. 25

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