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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 457 · 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. Farhan adds a 10% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  3. 3.One fruit cup costs ₹16 to make and Dev sells it for ₹32. What is the markup in percent?
  4. 4.One fruit cup costs ₹57 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  7. 7.One potted plant costs ₹14 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹15 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹60 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹43 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹60 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹21 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹40 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹32 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹24 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  17. 17.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  18. 18.One paper bookmark costs ₹56 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  20. 20.One bag of popcorn costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?
  21. 21.One fruit cup costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  22. 22.One cupcake costs ₹36 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  24. 24.One fruit cup costs ₹24 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹32 to make and Aarav sells it for ₹48. What is the markup in percent?
  27. 27.One cupcake costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  29. 29.One glass of chai costs ₹20 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹51 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹56 to make and Vihaan sells it for ₹84. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹40 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹38 to make and Farhan sells it for ₹57. What is the markup in percent?
  34. 34.One cupcake costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹60 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹36 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹60 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹45 to make and Meera sells it for ₹54. What is the markup in percent?

Answer key

  1. 66
  2. a loss
  3. 100
  4. 57
  5. 8
  6. 25
  7. 7
  8. 3
  9. 6
  10. 86
  11. 12
  12. 42
  13. 10
  14. 20
  15. 8
  16. 36
  17. cost + a markup
  18. 112
  19. 10 rupees
  20. 50
  21. 10
  22. 45
  23. what buyers will pay
  24. 12
  25. 10
  26. 50
  27. 33
  28. 10
  29. 30
  30. 102
  31. 50
  32. 50
  33. 50
  34. 6
  35. 18
  36. 90
  37. 45
  38. 12
  39. 36
  40. 20

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