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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 444 · 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 cupcake costs ₹26 to make and Vihaan sells it for ₹52. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹60 to make and Kavya sells it for ₹72. What is the markup in percent?
  3. 3.One painted pebble costs ₹36 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs ₹20 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  6. 6.One potted plant costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One bag of popcorn costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹33 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹53 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  12. 12.One paper bookmark costs ₹12 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹30 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹34 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  16. 16.One glass of chai costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹48 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹32 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  23. 23.One friendship band costs ₹46 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹44 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹50 to make and Rohan sells it for ₹55. What is the markup in percent?
  27. 27.One fruit cup costs ₹20 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹10 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹28 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  33. 33.One friendship band costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹20 to make and Nisha sells it for ₹30. What is the markup in percent?
  36. 36.One cupcake costs ₹58 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  38. 38.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  39. 39.One handmade card costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  40. 40.One cupcake costs ₹16 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 100
  2. 20
  3. 18
  4. 24
  5. 10 rupees
  6. 5
  7. 2
  8. 33
  9. 106
  10. 55
  11. what buyers will pay
  12. 12
  13. 6
  14. 51
  15. cost + a markup
  16. 22
  17. 2
  18. 72
  19. 30
  20. 8
  21. 6
  22. 20
  23. 23
  24. 33
  25. 88
  26. 10
  27. 10
  28. 36
  29. 4
  30. 20
  31. 7
  32. 20
  33. 15
  34. 22
  35. 50
  36. 87
  37. 11
  38. a loss
  39. 10
  40. 20

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