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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 418 · 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 fruit cup costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One jute bag costs ₹30 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹40 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹48 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹40 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  8. 8.One clay diya costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  10. 10.One handmade card costs ₹24 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹50 to make and Farhan sells it for ₹75. What is the markup in percent?
  13. 13.One cupcake costs ₹12 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹14 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹30 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹50 to make and Zoya sells it for ₹55. What is the markup in percent?
  20. 20.One jute bag costs ₹55 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  22. 22.One friendship band costs ₹24 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹20 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹51 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  26. 26.One cupcake costs ₹28 to make and Aarav sells it for ₹35. What is the markup in percent?
  27. 27.One cupcake costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹58 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹16 to make and Riya sells it for ₹20. What is the markup in percent?
  30. 30.One painted pebble costs ₹50 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹28 to make and Aarav sells it for ₹35. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹15 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹48 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  38. 38.One handmade card costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  39. 39.One paper bookmark costs ₹56 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 60
  2. 55
  3. 36
  4. 50
  5. 60
  6. 48
  7. what buyers will pay
  8. 44
  9. cost + a markup
  10. 30
  11. 48
  12. 50
  13. 6
  14. 21
  15. 4
  16. 4
  17. 6
  18. 45
  19. 10
  20. 66
  21. 10
  22. 36
  23. 5
  24. 102
  25. a loss
  26. 25
  27. 44
  28. 87
  29. 25
  30. 60
  31. 2
  32. 2
  33. 25
  34. 18
  35. 40
  36. 12
  37. 10 rupees
  38. 10
  39. 70
  40. 4

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