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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 453 · 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 potted plant costs ₹35 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  3. 3.One fruit cup costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹60 to make and Lakshmi sells it for ₹75. What is the markup in percent?
  5. 5.One jute bag costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹48 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  8. 8.One cupcake costs ₹12 to make and Ishaan sells it for ₹18. What is the markup in percent?
  9. 9.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  10. 10.One jute bag costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  11. 11.One fruit cup costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹15 to make and Ishaan sells it for ₹18. What is the markup in percent?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  14. 14.One jute bag costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  16. 16.One paper bookmark costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹24 to make and Kabir sells it for ₹30. What is the markup in percent?
  19. 19.One glass of chai costs ₹20 to make and Kabir sells it for ₹24. What is the markup in percent?
  20. 20.One handmade card costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹54 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹32 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹16 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  26. 26.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  27. 27.One cup of lemonade costs ₹16 to make and Diya sells it for ₹24. What is the markup in percent?
  28. 28.One friendship band costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹12 to make and Aarav sells it for ₹15. What is the markup in percent?
  30. 30.One clay diya costs ₹36 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  32. 32.One glass of chai costs ₹12 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹21 to make and Ananya sells it for ₹42. What is the markup in percent?
  35. 35.One jute bag costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹14 to make and Saanvi sells it for ₹21. What is the markup in percent?
  37. 37.One glass of chai costs ₹52 to make and Lakshmi sells it for ₹78. What is the markup in percent?
  38. 38.One jute bag costs ₹11 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹16 to make and Kavya sells it for ₹20. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 7
  2. cost + a markup
  3. 3
  4. 25
  5. 3
  6. 72
  7. 10
  8. 50
  9. a loss
  10. 10
  11. 55
  12. 20
  13. 10 rupees
  14. 30
  15. 10
  16. 55
  17. 3
  18. 25
  19. 20
  20. 10
  21. 3
  22. 11
  23. 27
  24. 8
  25. 20
  26. what buyers will pay
  27. 50
  28. 48
  29. 25
  30. 36
  31. 10
  32. 6
  33. 3
  34. 100
  35. 60
  36. 50
  37. 50
  38. 22
  39. 25
  40. 44

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