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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 526 · 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.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  2. 2.One handmade card costs ₹28 to make and Kabir sells it for ₹35. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  4. 4.One painted pebble costs ₹18 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹55 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹40 to make and Nisha sells it for ₹48. What is the markup in percent?
  8. 8.One glass of chai costs ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
  9. 9.One handmade card costs ₹56 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹18 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹60 to make and Diya sells it for ₹75. What is the markup in percent?
  15. 15.One cupcake costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  16. 16.One paper bookmark costs ₹30 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹42 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹28 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹10 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹38 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One painted pebble costs ₹42 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹38 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  25. 25.One cupcake costs ₹46 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹55 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  29. 29.One potted plant costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹26 to make and Tara sells it for ₹39. What is the markup in percent?
  31. 31.One paper bookmark costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  33. 33.One handmade card costs ₹20 to make and Saanvi sells it for ₹24. What is the markup in percent?
  34. 34.One handmade card costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹14 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹30 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹20 to make and Ananya sells it for ₹30. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹28 to make and Riya sells it for ₹42. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 25
  3. a loss
  4. 27
  5. 55
  6. 15
  7. 20
  8. 10
  9. 70
  10. 25
  11. 18
  12. 55
  13. 5
  14. 25
  15. 10
  16. 6
  17. 84
  18. 42
  19. 12
  20. 22
  21. 76
  22. 42
  23. 57
  24. 10
  25. 92
  26. 11
  27. 5
  28. 10
  29. 11
  30. 50
  31. 2
  32. 10
  33. 20
  34. 2
  35. 21
  36. 35
  37. 2
  38. 60
  39. 50
  40. 50

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