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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 437 · 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 painted pebble costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One cup of lemonade costs ₹30 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹40 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  7. 7.One jute bag costs ₹50 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹50 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  10. 10.One paper bookmark costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  12. 12.One handmade card costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One painted pebble costs ₹15 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  14. 14.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  15. 15.One handmade card costs ₹26 to make and Joseph sells it for ₹52. What is the markup in percent?
  16. 16.One cupcake costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  17. 17.One glass of chai costs ₹35 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹40 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹26 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹11 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹26 to make and Nisha sells it for ₹52. What is the markup in percent?
  25. 25.One jute bag costs ₹56 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹40 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹60 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹10 to make and Joseph sells it for ₹12. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹35 to make and Vihaan sells it for ₹42. What is the markup in percent?
  32. 32.One paper bookmark costs ₹55 to make and Nisha sells it for ₹66. What is the markup in percent?
  33. 33.One potted plant costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹60 to make and Aarav sells it for ₹90. What is the markup in percent?
  35. 35.One painted pebble costs ₹46 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  38. 38.One cupcake costs ₹30 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹32 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹52 to make and Kabir sells it for ₹65. What is the markup in percent?

Answer key

  1. 6
  2. 45
  3. 8
  4. 50
  5. 10
  6. a loss
  7. 100
  8. 10
  9. what buyers will pay
  10. 10
  11. 10 rupees
  12. 48
  13. 18
  14. cost + a markup
  15. 100
  16. 10
  17. 42
  18. 48
  19. 13
  20. 30
  21. 11
  22. 22
  23. 15
  24. 100
  25. 28
  26. 10
  27. 72
  28. 1
  29. 20
  30. 11
  31. 20
  32. 20
  33. 33
  34. 50
  35. 46
  36. 4
  37. 10
  38. 36
  39. 40
  40. 25

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