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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 492 · 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 friendship band costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹54 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹20 to make and Farhan sells it for ₹24. What is the markup in percent?
  4. 4.One paper bookmark costs ₹50 to make and Farhan sells it for ₹60. What is the markup in percent?
  5. 5.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  6. 6.One bag of popcorn costs ₹52 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  8. 8.One potted plant costs ₹18 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹35 to make and Vihaan sells it for ₹42. What is the markup in percent?
  10. 10.One paper bookmark costs ₹24 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  12. 12.One painted pebble costs ₹21 to make and Kabir sells it for ₹42. What is the markup in percent?
  13. 13.One fruit cup costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  16. 16.One fruit cup costs ₹14 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹56 to make and Gurpreet sells it for ₹112. What is the markup in percent?
  18. 18.One paper bookmark costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹55 to make and Aarav sells it for ₹66. What is the markup in percent?
  20. 20.One glass of chai costs ₹54 to make and Aarav sells it for ₹108. What is the markup in percent?
  21. 21.One fruit cup costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?
  23. 23.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  24. 24.One paper bookmark costs ₹48 to make and Saanvi sells it for ₹72. What is the markup in percent?
  25. 25.One paper bookmark costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹48 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹35 to make and Rohan sells it for ₹42. What is the markup in percent?
  28. 28.One painted pebble costs ₹38 to make and Ananya sells it for ₹57. What is the markup in percent?
  29. 29.One paper bookmark costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹44 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹48 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹24 to make and Saanvi sells it for ₹36. What is the markup in percent?
  34. 34.One clay diya costs ₹14 to make and Gurpreet sells it for ₹28. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹42 to make and Nisha sells it for ₹63. What is the markup in percent?
  36. 36.One clay diya costs ₹25 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹44 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹10 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹24 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 24
  2. 27
  3. 20
  4. 20
  5. a loss
  6. 65
  7. 10
  8. 9
  9. 20
  10. 6
  11. cost + a markup
  12. 100
  13. 2
  14. 22
  15. 10 rupees
  16. 21
  17. 100
  18. 36
  19. 20
  20. 100
  21. 72
  22. 10
  23. what buyers will pay
  24. 50
  25. 55
  26. 60
  27. 20
  28. 50
  29. 20
  30. 11
  31. 4
  32. 72
  33. 50
  34. 100
  35. 50
  36. 30
  37. 22
  38. 66
  39. 12
  40. 36

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