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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 525 · 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 cupcake costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  3. 3.One potted plant costs ₹48 to make and Saanvi sells it for ₹60. What is the markup in percent?
  4. 4.One cupcake costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  6. 6.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  7. 7.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  8. 8.One handmade card costs ₹55 to make and Kabir sells it for ₹66. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹30 to make and Ananya sells it for ₹36. What is the markup in percent?
  10. 10.One handmade card costs ₹55 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  12. 12.One potted plant costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  13. 13.One painted pebble costs ₹34 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹24 to make and Vihaan sells it for ₹48. What is the markup in percent?
  15. 15.One friendship band costs ₹16 to make and Vihaan sells it for ₹24. What is the markup in percent?
  16. 16.One potted plant costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  17. 17.One clay diya costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  18. 18.One fruit cup costs ₹18 to make and Tara sells it for ₹27. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹10 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  20. 20.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  21. 21.One paper bookmark costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹15 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹10 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹20 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹20 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹16 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹32 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹46 to make and Ishaan sells it for ₹92. What is the markup in percent?
  29. 29.One potted plant costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹36 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹24 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹45 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  34. 34.One potted plant costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹22 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹40 to make and Lakshmi sells it for ₹50. What is the markup in percent?
  37. 37.One cupcake costs ₹29 to make and Joseph sells it for ₹58. What is the markup in percent?
  38. 38.One fruit cup costs ₹25 to make and Dev sells it for ₹30. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹25 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?

Answer key

  1. 12
  2. 10 rupees
  3. 25
  4. 66
  5. 10
  6. cost + a markup
  7. a loss
  8. 20
  9. 20
  10. 55
  11. 10
  12. 10
  13. 51
  14. 100
  15. 50
  16. 10
  17. 10
  18. 50
  19. 12
  20. what buyers will pay
  21. 54
  22. 3
  23. 10
  24. 30
  25. 25
  26. 4
  27. 16
  28. 100
  29. 11
  30. 54
  31. 12
  32. 9
  33. 10
  34. 44
  35. 33
  36. 25
  37. 100
  38. 20
  39. 5
  40. 20

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