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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 549 · 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 glass of chai costs ₹52 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One bag of popcorn costs ₹35 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹12 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  5. 5.One cupcake costs ₹56 to make and Ishaan sells it for ₹70. What is the markup in percent?
  6. 6.One fruit cup costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  7. 7.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  8. 8.One cupcake costs ₹40 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹18 to make and Diya sells it for ₹36. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  11. 11.One jute bag costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹48 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹11 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  15. 15.One paper bookmark costs ₹28 to make and Kavya sells it for ₹35. What is the markup in percent?
  16. 16.One painted pebble costs ₹45 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹12 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  20. 20.One clay diya costs ₹30 to make and Riya sells it for ₹36. What is the markup in percent?
  21. 21.One jute bag costs ₹58 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹30 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹12 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹39 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹54 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹27 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹44 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  30. 30.One bag of popcorn costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹52 to make and Ishaan sells it for ₹65. What is the markup in percent?
  32. 32.One potted plant costs ₹52 to make and Diya sells it for ₹78. What is the markup in percent?
  33. 33.One potted plant costs ₹10 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹60 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹10 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  37. 37.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  38. 38.One painted pebble costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹54 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 65
  2. 7
  3. 3
  4. 10
  5. 25
  6. 10
  7. a loss
  8. 8
  9. 100
  10. cost + a markup
  11. 3
  12. 60
  13. 22
  14. 20
  15. 25
  16. 54
  17. 4
  18. 22
  19. 25
  20. 20
  21. 58
  22. 3
  23. 15
  24. 3
  25. 39
  26. 27
  27. 27
  28. 11
  29. what buyers will pay
  30. 12
  31. 25
  32. 50
  33. 15
  34. 12
  35. 1
  36. 15
  37. 10 rupees
  38. 4
  39. 55
  40. 27

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