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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 419 · 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 ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One cupcake costs ₹32 to make and Ananya sells it for ₹40. What is the markup in percent?
  3. 3.One potted plant costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹55 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹54 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹12 to make and Arjun sells it for ₹24. What is the markup in percent?
  9. 9.One potted plant costs ₹60 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  12. 12.One clay diya costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  13. 13.One jute bag costs ₹45 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One handmade card costs ₹35 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹50 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹40 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  18. 18.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  19. 19.One painted pebble costs ₹36 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹47 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹36 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹25 to make and Ananya sells it for ₹30. What is the markup in percent?
  25. 25.One glass of chai costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  26. 26.One glass of chai costs ₹32 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  28. 28.One potted plant costs ₹38 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹58 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹14 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  32. 32.One potted plant costs ₹19 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹16 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹25 to make and Nisha sells it for ₹30. What is the markup in percent?
  36. 36.One painted pebble costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹48 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹60 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹13 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹32 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 22
  2. 25
  3. 3
  4. 48
  5. 55
  6. 55
  7. 54
  8. 100
  9. 6
  10. 4
  11. cost + a markup
  12. 10
  13. 45
  14. 42
  15. 50
  16. 10
  17. 10
  18. a loss
  19. 9
  20. 11
  21. 94
  22. 42
  23. 54
  24. 20
  25. 10
  26. 48
  27. what buyers will pay
  28. 38
  29. 87
  30. 14
  31. 10 rupees
  32. 38
  33. 33
  34. 8
  35. 20
  36. 22
  37. 12
  38. 72
  39. 13
  40. 8

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