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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 501 · 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 clay diya costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹30 to make and Vihaan sells it for ₹45. What is the markup in percent?
  3. 3.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  4. 4.One potted plant costs ₹58 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹50 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One cupcake costs ₹20 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹26 to make and Vihaan sells it for ₹39. What is the markup in percent?
  8. 8.One cupcake costs ₹41 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  10. 10.One cupcake costs ₹25 to make and Meera sells it for ₹50. What is the markup in percent?
  11. 11.One friendship band costs ₹30 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹52 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹44 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One cupcake costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹10 to make and Joseph sells it for ₹15. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹41 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹20 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹23 to make and Lakshmi sells it for ₹46. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹24 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹60 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹29 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹40 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹16 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹38 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹48 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹18 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  30. 30.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  31. 31.One friendship band costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  32. 32.One glass of chai costs ₹46 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹55 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  36. 36.One cupcake costs ₹24 to make and Arjun sells it for ₹48. What is the markup in percent?
  37. 37.One jute bag costs ₹28 to make and Ishaan sells it for ₹35. What is the markup in percent?
  38. 38.One potted plant costs ₹16 to make and Meera sells it for ₹20. What is the markup in percent?
  39. 39.One jute bag costs ₹11 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?

Answer key

  1. 42
  2. 50
  3. what buyers will pay
  4. 58
  5. 10
  6. 40
  7. 50
  8. 41
  9. cost + a markup
  10. 100
  11. 33
  12. 65
  13. 55
  14. 6
  15. 50
  16. 82
  17. 48
  18. 22
  19. 25
  20. 100
  21. 6
  22. 12
  23. 29
  24. 60
  25. 8
  26. 57
  27. 12
  28. 9
  29. 55
  30. a loss
  31. 10
  32. 92
  33. 11
  34. 22
  35. 10
  36. 100
  37. 25
  38. 25
  39. 22
  40. 10

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