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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 391 · 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 clay diya costs ₹23 to make and Rohan sells it for ₹46. What is the markup in percent?
  2. 2.One clay diya costs ₹54 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  4. 4.One cupcake costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One cupcake costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹26 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹44 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹15 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹56 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  13. 13.One potted plant costs ₹44 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹20 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  17. 17.One cup of lemonade costs ₹40 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹40 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹36 to make and Lakshmi sells it for ₹45. What is the markup in percent?
  21. 21.One fruit cup costs ₹36 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  23. 23.One glass of chai costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹12 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹25 to make and Gurpreet sells it for ₹50. What is the markup in percent?
  28. 28.One glass of chai costs ₹19 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹47 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹38 to make and Diya sells it for ₹76. What is the markup in percent?
  33. 33.One jute bag costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  35. 35.One jute bag costs ₹30 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹43 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?
  38. 38.One fruit cup costs ₹50 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹21 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 100
  2. 27
  3. what buyers will pay
  4. 1
  5. 44
  6. 10
  7. 52
  8. 30
  9. 22
  10. 3
  11. 14
  12. 10 rupees
  13. 22
  14. 25
  15. 44
  16. cost + a markup
  17. 50
  18. 11
  19. 50
  20. 25
  21. 36
  22. a loss
  23. 55
  24. 6
  25. 44
  26. 50
  27. 100
  28. 19
  29. 3
  30. 11
  31. 94
  32. 100
  33. 55
  34. 20
  35. 33
  36. 86
  37. 50
  38. 5
  39. 60
  40. 21

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