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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 515 · 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 ₹52 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One bag of popcorn costs ₹60 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹15 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹48 to make and Dev sells it for ₹60. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹12 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  8. 8.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  9. 9.One clay diya costs ₹40 to make and Ananya sells it for ₹60. What is the markup in percent?
  10. 10.One handmade card costs ₹45 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  12. 12.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  13. 13.One fruit cup costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  14. 14.One handmade card costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  16. 16.One paper bookmark costs ₹35 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cupcake costs ₹60 to make and Vihaan sells it for ₹75. What is the markup in percent?
  19. 19.One glass of chai costs ₹39 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹36 to make and Tara sells it for ₹54. What is the markup in percent?
  21. 21.One clay diya costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  22. 22.One potted plant costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹53 to make and Lakshmi sells it for ₹106. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹22 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹50 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹18 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹50 to make and Arjun sells it for ₹55. What is the markup in percent?
  28. 28.One jute bag costs ₹15 to make and Rohan sells it for ₹18. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  32. 32.One clay diya costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  33. 33.One painted pebble costs ₹40 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹30 to make and Gurpreet sells it for ₹36. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹30 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹40 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹24 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹38 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 13
  2. 30
  3. 30
  4. 4
  5. 25
  6. 24
  7. 10
  8. what buyers will pay
  9. 50
  10. 9
  11. 10
  12. a loss
  13. 10
  14. 72
  15. cost + a markup
  16. 42
  17. 2
  18. 25
  19. 78
  20. 50
  21. 10
  22. 10
  23. 100
  24. 33
  25. 75
  26. 27
  27. 10
  28. 20
  29. 3
  30. 75
  31. 20
  32. 10
  33. 4
  34. 20
  35. 36
  36. 5
  37. 50
  38. 44
  39. 30
  40. 57

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