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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 538 · 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 potted plant costs ₹20 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs ₹30 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  5. 5.One glass of chai costs ₹16 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹35 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹57 to make and Tara sells it for ₹114. What is the markup in percent?
  9. 9.One clay diya costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  10. 10.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  11. 11.One potted plant costs ₹15 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹54 to make and Ishaan sells it for ₹108. What is the markup in percent?
  13. 13.One clay diya costs ₹51 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  15. 15.One friendship band costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹46 to make and Nisha sells it for ₹92. What is the markup in percent?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  18. 18.One fruit cup costs ₹46 to make and Kabir sells it for ₹92. What is the markup in percent?
  19. 19.One fruit cup costs ₹34 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹52 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  22. 22.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  23. 23.One jute bag costs ₹20 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹48 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹40 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹20 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹16 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹28 to make and Aarav sells it for ₹42. What is the markup in percent?
  30. 30.One friendship band costs ₹40 to make and Riya sells it for ₹48. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹26 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹16 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹52 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹40 to make and Riya sells it for ₹60. What is the markup in percent?
  37. 37.One cupcake costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹22 to make and Rohan sells it for ₹44. What is the markup in percent?
  39. 39.One glass of chai costs ₹50 to make and Nisha sells it for ₹75. What is the markup in percent?
  40. 40.One glass of chai costs ₹48 to make and Kabir sells it for ₹60. What is the markup in percent?

Answer key

  1. 2
  2. 45
  3. 24
  4. cost + a markup
  5. 24
  6. 42
  7. 20
  8. 100
  9. 10
  10. what buyers will pay
  11. 18
  12. 100
  13. 102
  14. 20
  15. 66
  16. 100
  17. 10 rupees
  18. 100
  19. 17
  20. 65
  21. 10
  22. a loss
  23. 30
  24. 72
  25. 2
  26. 48
  27. 25
  28. 20
  29. 50
  30. 20
  31. 15
  32. 26
  33. 4
  34. 65
  35. 5
  36. 50
  37. 72
  38. 100
  39. 50
  40. 25

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