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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 435 · 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 handmade card costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  2. 2.One potted plant costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹35 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹18 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹20 to make and Kavya sells it for ₹30. What is the markup in percent?
  6. 6.One handmade card costs ₹12 to make and Vihaan sells it for ₹15. What is the markup in percent?
  7. 7.One painted pebble costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  9. 9.One cup of lemonade costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  11. 11.One cupcake costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹54 to make and Tara sells it for ₹81. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  15. 15.One potted plant costs ₹39 to make and Tara sells it for ₹78. What is the markup in percent?
  16. 16.One painted pebble costs ₹10 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹30 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹40 to make and Ananya sells it for ₹48. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹26 to make and Zoya sells it for ₹52. What is the markup in percent?
  20. 20.One glass of chai costs ₹44 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹28 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹58 to make and Lakshmi sells it for ₹87. What is the markup in percent?
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  24. 24.One cup of lemonade costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹38 to make and Riya sells it for ₹57. What is the markup in percent?
  26. 26.One painted pebble costs ₹26 to make and Ananya sells it for ₹52. What is the markup in percent?
  27. 27.One paper bookmark costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹24 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  30. 30.One paper bookmark costs ₹20 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹50 to make and Saanvi sells it for ₹75. What is the markup in percent?
  32. 32.One potted plant costs ₹30 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹19 to make and Ishaan sells it for ₹38. What is the markup in percent?
  34. 34.One friendship band costs ₹35 to make and Aarav sells it for ₹70. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹55 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹38 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹50 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹25 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 44
  3. 35
  4. 27
  5. 50
  6. 25
  7. 10
  8. a loss
  9. 4
  10. 20
  11. 4
  12. 50
  13. 55
  14. what buyers will pay
  15. 100
  16. 2
  17. 6
  18. 20
  19. 100
  20. 11
  21. 42
  22. 50
  23. 10 rupees
  24. 5
  25. 50
  26. 100
  27. 42
  28. 24
  29. cost + a markup
  30. 10
  31. 50
  32. 36
  33. 100
  34. 100
  35. 11
  36. 11
  37. 1
  38. 57
  39. 5
  40. 5

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