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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 417 · 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 ₹12 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One jute bag costs ₹21 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹52 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  5. 5.One jute bag costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹44 to make and Aarav sells it for ₹66. What is the markup in percent?
  7. 7.One glass of chai costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  8. 8.One glass of chai costs ₹18 to make and Farhan sells it for ₹27. What is the markup in percent?
  9. 9.One handmade card costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  10. 10.One glass of chai costs ₹36 to make and Zoya sells it for ₹45. What is the markup in percent?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  12. 12.One potted plant costs ₹42 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹16 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹12 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  16. 16.One handmade card costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹52 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹28 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  20. 20.One handmade card costs ₹40 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹15 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹36 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹35 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹45 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹17 to make and Lakshmi sells it for ₹34. What is the markup in percent?
  27. 27.One clay diya costs ₹36 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹22 to make and Tara sells it for ₹33. What is the markup in percent?
  29. 29.One painted pebble costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹18 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹60 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹20 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹20 to make and Rohan sells it for ₹24. What is the markup in percent?
  36. 36.One paper bookmark costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹31 to make and Diya sells it for ₹62. What is the markup in percent?
  38. 38.One glass of chai costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹48 to make and Meera sells it for ₹72. What is the markup in percent?
  40. 40.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else

Answer key

  1. 6
  2. 42
  3. 104
  4. cost + a markup
  5. 10
  6. 50
  7. 10
  8. 50
  9. 10
  10. 25
  11. 10 rupees
  12. 84
  13. 20
  14. 18
  15. 20
  16. 22
  17. 13
  18. 7
  19. a loss
  20. 60
  21. 18
  22. 66
  23. 45
  24. 7
  25. 54
  26. 100
  27. 45
  28. 50
  29. 44
  30. 9
  31. 12
  32. 6
  33. 10
  34. 5
  35. 20
  36. 42
  37. 100
  38. 18
  39. 50
  40. what buyers will pay

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