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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 491 · 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 ₹19 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  3. 3.One handmade card costs ₹15 to make and Saanvi sells it for ₹18. What is the markup in percent?
  4. 4.One handmade card costs ₹50 to make and Dev sells it for ₹75. What is the markup in percent?
  5. 5.One potted plant costs ₹15 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹58 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One bag of popcorn costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  9. 9.One glass of chai costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹10 to make and Diya sells it for ₹15. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  12. 12.One potted plant costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  13. 13.One potted plant costs ₹24 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  15. 15.One bag of popcorn costs ₹48 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹20 to make and Farhan sells it for ₹30. What is the markup in percent?
  18. 18.One clay diya costs ₹15 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹30 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹40 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹20 to make and Riya sells it for ₹25. What is the markup in percent?
  24. 24.One handmade card costs ₹48 to make and Nisha sells it for ₹60. What is the markup in percent?
  25. 25.One fruit cup costs ₹60 to make and Meera sells it for ₹75. What is the markup in percent?
  26. 26.One fruit cup costs ₹15 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹10 to make and Ishaan sells it for ₹12. What is the markup in percent?
  28. 28.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  29. 29.One friendship band costs ₹28 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹51 to make and Dev sells it for ₹102. What is the markup in percent?
  31. 31.One jute bag costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  32. 32.One friendship band costs ₹50 to make and Arjun sells it for ₹55. What is the markup in percent?
  33. 33.One friendship band costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  34. 34.One handmade card costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?
  35. 35.One painted pebble costs ₹59 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹14 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹50 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹24 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 38
  2. 10
  3. 20
  4. 50
  5. 3
  6. 29
  7. 10
  8. a loss
  9. 42
  10. 50
  11. cost + a markup
  12. 10
  13. 36
  14. what buyers will pay
  15. 60
  16. 44
  17. 50
  18. 18
  19. 45
  20. 4
  21. 75
  22. 10
  23. 25
  24. 25
  25. 25
  26. 15
  27. 20
  28. 10 rupees
  29. 56
  30. 100
  31. 10
  32. 10
  33. 10
  34. 25
  35. 118
  36. 21
  37. 11
  38. 60
  39. 22
  40. 30

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