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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 412 · 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 glass of chai costs ₹44 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹45 to make and Arjun sells it for ₹54. What is the markup in percent?
  3. 3.One handmade card costs ₹20 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One painted pebble costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹50 to make and Nisha sells it for ₹60. What is the markup in percent?
  6. 6.One paper bookmark costs ₹18 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹28 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One glass of chai costs ₹45 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  11. 11.One glass of chai costs ₹12 to make and Arjun sells it for ₹18. What is the markup in percent?
  12. 12.One potted plant costs ₹39 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹42 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One cupcake costs ₹54 to make and Diya sells it for ₹108. What is the markup in percent?
  15. 15.One friendship band costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  16. 16.One friendship band costs ₹58 to make and Dev sells it for ₹87. What is the markup in percent?
  17. 17.One potted plant costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹10 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹20 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹28 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹47 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹48 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  24. 24.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  25. 25.One clay diya costs ₹52 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹14 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹10 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹31 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹45 to make and Diya sells it for ₹54. What is the markup in percent?
  32. 32.One clay diya costs ₹36 to make and Rohan sells it for ₹54. What is the markup in percent?
  33. 33.One fruit cup costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹44 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹60 to make and Riya sells it for ₹72. What is the markup in percent?
  38. 38.One paper bookmark costs ₹14 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹55 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹12 to make. Meera adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 11
  2. 20
  3. 24
  4. 66
  5. 20
  6. 18
  7. 7
  8. 9
  9. 11
  10. what buyers will pay
  11. 50
  12. 78
  13. 84
  14. 100
  15. 10
  16. 50
  17. 44
  18. 12
  19. 5
  20. 7
  21. 94
  22. 60
  23. 22
  24. cost + a markup
  25. 13
  26. 10
  27. 28
  28. 20
  29. 62
  30. 11
  31. 20
  32. 50
  33. 3
  34. 55
  35. 6
  36. 12
  37. 20
  38. 28
  39. 11
  40. 15

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