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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 500 · 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.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  2. 2.One cupcake costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹12 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹54 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹40 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹40 to make and Saanvi sells it for ₹48. What is the markup in percent?
  7. 7.One clay diya costs ₹40 to make and Riya sells it for ₹60. What is the markup in percent?
  8. 8.One painted pebble costs ₹42 to make and Zoya sells it for ₹63. What is the markup in percent?
  9. 9.One friendship band costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹50 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹14 to make and Rohan sells it for ₹21. What is the markup in percent?
  13. 13.One painted pebble costs ₹11 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹25 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  19. 19.One bag of popcorn costs ₹16 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹55 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹40 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹28 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  25. 25.One clay diya costs ₹45 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One friendship band costs ₹47 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹32 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹60 to make and Lakshmi sells it for ₹72. What is the markup in percent?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  31. 31.One handmade card costs ₹46 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹20 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹40 to make and Vihaan sells it for ₹48. What is the markup in percent?
  36. 36.One cupcake costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹26 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹22 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹60 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 3
  3. 15
  4. 81
  5. 10
  6. 20
  7. 50
  8. 50
  9. 6
  10. 10
  11. 100
  12. 50
  13. 11
  14. 3
  15. 3
  16. 50
  17. 22
  18. cost + a markup
  19. 32
  20. 66
  21. 12
  22. 50
  23. 42
  24. 20
  25. 54
  26. 7
  27. 47
  28. 48
  29. 20
  30. 10 rupees
  31. 69
  32. 54
  33. 33
  34. 25
  35. 20
  36. 36
  37. 13
  38. 20
  39. 33
  40. 66

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