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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 50 · 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 ₹56 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One potted plant costs ₹44 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹36 to make and Lakshmi sells it for ₹45. What is the markup in percent?
  6. 6.One glass of chai costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹42 to make and Tara sells it for ₹84. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹30 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹12 to make and Zoya sells it for ₹24. What is the markup in percent?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  12. 12.One cup of lemonade costs ₹12 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹12 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  15. 15.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  16. 16.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  17. 17.One jute bag costs ₹55 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  19. 19.One cupcake costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹10 to make and Joseph sells it for ₹20. What is the markup in percent?
  21. 21.One handmade card costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹44 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹28 to make and Aarav sells it for ₹35. What is the markup in percent?
  25. 25.One cupcake costs ₹40 to make and Riya sells it for ₹48. What is the markup in percent?
  26. 26.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  27. 27.One jute bag costs ₹16 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹60 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹42 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹37 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹31 to make and Kabir sells it for ₹62. What is the markup in percent?
  36. 36.One glass of chai costs ₹20 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹25 to make and Arjun sells it for ₹30. What is the markup in percent?
  38. 38.One clay diya costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹28 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  40. 40.One handmade card costs ₹35 to make. Diya adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 70
  2. 11
  3. 22
  4. 11
  5. 25
  6. 4
  7. 100
  8. 11
  9. 45
  10. 100
  11. 10 rupees
  12. 3
  13. 60
  14. 15
  15. a loss
  16. cost + a markup
  17. 110
  18. 20
  19. 44
  20. 100
  21. 11
  22. 6
  23. 11
  24. 25
  25. 20
  26. what buyers will pay
  27. 24
  28. 5
  29. 1
  30. 30
  31. 3
  32. 5
  33. 21
  34. 74
  35. 100
  36. 20
  37. 20
  38. 44
  39. 50
  40. 70

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