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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 514 · 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 jute bag costs ₹44 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One potted plant costs ₹24 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹17 to make and Arjun sells it for ₹34. What is the markup in percent?
  4. 4.One cupcake costs ₹15 to make and Zoya sells it for ₹18. What is the markup in percent?
  5. 5.One friendship band costs ₹16 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One cupcake costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹14 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  9. 9.One handmade card costs ₹45 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  11. 11.One fruit cup costs ₹20 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹44 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹48 to make and Vihaan sells it for ₹60. What is the markup in percent?
  14. 14.One cupcake costs ₹58 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  16. 16.One glass of chai costs ₹40 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  18. 18.One cup of lemonade costs ₹14 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹36 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹36 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  23. 23.One handmade card costs ₹50 to make and Arjun sells it for ₹55. What is the markup in percent?
  24. 24.One painted pebble costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹54 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹24 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  28. 28.One cupcake costs ₹16 to make and Farhan sells it for ₹20. What is the markup in percent?
  29. 29.One paper bookmark costs ₹48 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹55 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹46 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹50 to make and Lakshmi sells it for ₹75. What is the markup in percent?
  33. 33.One potted plant costs ₹35 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹46 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹10 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹60 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹16 to make and Zoya sells it for ₹32. What is the markup in percent?
  38. 38.One paper bookmark costs ₹38 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹58 to make and Meera sells it for ₹87. What is the markup in percent?
  40. 40.One potted plant costs ₹35 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 44
  2. 30
  3. 100
  4. 20
  5. 24
  6. 30
  7. 28
  8. what buyers will pay
  9. 45
  10. cost + a markup
  11. 25
  12. 88
  13. 25
  14. 116
  15. 20
  16. 10
  17. 10 rupees
  18. 7
  19. 54
  20. 45
  21. 2
  22. a loss
  23. 10
  24. 10
  25. 27
  26. 6
  27. 20
  28. 25
  29. 12
  30. 55
  31. 23
  32. 50
  33. 42
  34. 69
  35. 12
  36. 6
  37. 100
  38. 57
  39. 50
  40. 42

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