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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 408 · 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 friendship band costs ₹36 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  2. 2.One jute bag costs ₹24 to make and Saanvi sells it for ₹30. What is the markup in percent?
  3. 3.One potted plant costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  5. 5.One cupcake costs ₹34 to make and Farhan sells it for ₹51. What is the markup in percent?
  6. 6.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  7. 7.One friendship band costs ₹30 to make and Nisha sells it for ₹45. What is the markup in percent?
  8. 8.One potted plant costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹40 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  11. 11.One friendship band costs ₹52 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹28 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹21 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹30 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹50 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  19. 19.One handmade card costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹47 to make and Diya sells it for ₹94. What is the markup in percent?
  22. 22.One friendship band costs ₹45 to make and Nisha sells it for ₹90. What is the markup in percent?
  23. 23.One friendship band costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹56 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹36 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  28. 28.One potted plant costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹22 to make and Diya sells it for ₹44. What is the markup in percent?
  30. 30.One handmade card costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  31. 31.One fruit cup costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?
  32. 32.One jute bag costs ₹28 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  35. 35.One glass of chai costs ₹24 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹45 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹24 to make and Farhan sells it for ₹30. What is the markup in percent?
  38. 38.One cupcake costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  40. 40.One cupcake costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 54
  2. 25
  3. 1
  4. a loss
  5. 50
  6. what buyers will pay
  7. 50
  8. 30
  9. 50
  10. cost + a markup
  11. 65
  12. 42
  13. 21
  14. 15
  15. 4
  16. 48
  17. 60
  18. 10
  19. 4
  20. 6
  21. 100
  22. 100
  23. 1
  24. 11
  25. 70
  26. 54
  27. 10
  28. 3
  29. 100
  30. 10
  31. 10
  32. 7
  33. 4
  34. 20
  35. 12
  36. 54
  37. 25
  38. 4
  39. 10 rupees
  40. 33

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