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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 522 · 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 painted pebble costs ₹20 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  3. 3.One cupcake costs ₹30 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One cupcake costs ₹20 to make and Zoya sells it for ₹25. What is the markup in percent?
  5. 5.One friendship band costs ₹40 to make and Saanvi sells it for ₹50. What is the markup in percent?
  6. 6.One cupcake costs ₹36 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  9. 9.One paper bookmark costs ₹34 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹34 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹16 to make and Zoya sells it for ₹24. What is the markup in percent?
  14. 14.One paper bookmark costs ₹28 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹28 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹34 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹16 to make and Saanvi sells it for ₹24. What is the markup in percent?
  19. 19.One friendship band costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹12 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  22. 22.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  23. 23.One paper bookmark costs ₹32 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹16 to make and Riya sells it for ₹24. What is the markup in percent?
  25. 25.One fruit cup costs ₹44 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  27. 27.One jute bag costs ₹13 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹24 to make and Meera sells it for ₹30. What is the markup in percent?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  30. 30.One jute bag costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  31. 31.One friendship band costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹56 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹13 to make and Farhan sells it for ₹26. What is the markup in percent?
  36. 36.One handmade card costs ₹33 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  37. 37.One paper bookmark costs ₹22 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹34 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹32 to make and Aarav sells it for ₹48. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹60 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 30
  2. a loss
  3. 36
  4. 25
  5. 25
  6. 18
  7. 11
  8. what buyers will pay
  9. 68
  10. 60
  11. 3
  12. 51
  13. 50
  14. 7
  15. 7
  16. 51
  17. 5
  18. 50
  19. 1
  20. 18
  21. 11
  22. cost + a markup
  23. 40
  24. 50
  25. 50
  26. 10
  27. 13
  28. 25
  29. 10 rupees
  30. 10
  31. 10
  32. 24
  33. 11
  34. 70
  35. 100
  36. 100
  37. 11
  38. 34
  39. 50
  40. 90

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