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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 472 · 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.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  2. 2.One painted pebble costs ₹19 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  4. 4.One cupcake costs ₹34 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹12 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹40 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹20 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One clay diya costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹24 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  13. 13.One glass of chai costs ₹27 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One cupcake costs ₹26 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  17. 17.One bag of popcorn costs ₹40 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹58 to make and Lakshmi sells it for ₹87. What is the markup in percent?
  19. 19.One handmade card costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹12 to make and Zoya sells it for ₹18. What is the markup in percent?
  22. 22.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  23. 23.One handmade card costs ₹54 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹28 to make and Riya sells it for ₹42. What is the markup in percent?
  25. 25.One painted pebble costs ₹12 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹30 to make and Riya sells it for ₹60. What is the markup in percent?
  27. 27.One painted pebble costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  28. 28.One glass of chai costs ₹48 to make and Zoya sells it for ₹60. What is the markup in percent?
  29. 29.One painted pebble costs ₹12 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹16 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹46 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  33. 33.One friendship band costs ₹44 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹58 to make and Ishaan sells it for ₹116. What is the markup in percent?
  35. 35.One painted pebble costs ₹24 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹10 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹20 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  40. 40.One glass of chai costs ₹22 to make and Saanvi sells it for ₹33. What is the markup in percent?

Answer key

  1. a loss
  2. 19
  3. 20
  4. 68
  5. 18
  6. 48
  7. 20
  8. 25
  9. 30
  10. 36
  11. 33
  12. 10
  13. 54
  14. 2
  15. 13
  16. 10 rupees
  17. 44
  18. 50
  19. 15
  20. 2
  21. 50
  22. cost + a markup
  23. 81
  24. 50
  25. 18
  26. 100
  27. 10
  28. 25
  29. 18
  30. 4
  31. 23
  32. 20
  33. 55
  34. 100
  35. 36
  36. 33
  37. 15
  38. 20
  39. 20
  40. 50

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