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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 551 · 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 handmade card costs ₹16 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  3. 3.One cup of lemonade costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹15 to make and Meera sells it for ₹18. What is the markup in percent?
  5. 5.One cupcake costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  6. 6.One handmade card costs ₹20 to make and Kabir sells it for ₹30. What is the markup in percent?
  7. 7.One fruit cup costs ₹25 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹16 to make and Dev sells it for ₹20. What is the markup in percent?
  9. 9.One paper bookmark costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹12 to make and Lakshmi sells it for ₹15. What is the markup in percent?
  12. 12.One potted plant costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹35 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  16. 16.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  17. 17.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  18. 18.One bag of popcorn costs ₹44 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  21. 21.One glass of chai costs ₹60 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹40 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹25 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  26. 26.One painted pebble costs ₹60 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹53 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹10 to make and Saanvi sells it for ₹15. What is the markup in percent?
  29. 29.One paper bookmark costs ₹40 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹45 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹41 to make and Vihaan sells it for ₹82. What is the markup in percent?
  34. 34.One fruit cup costs ₹54 to make and Ananya sells it for ₹81. What is the markup in percent?
  35. 35.One handmade card costs ₹10 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹25 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹50 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹38 to make and Dev sells it for ₹57. What is the markup in percent?

Answer key

  1. 8
  2. what buyers will pay
  3. 11
  4. 20
  5. 10
  6. 50
  7. 25
  8. 25
  9. 10
  10. 3
  11. 25
  12. 44
  13. 6
  14. 4
  15. 42
  16. a loss
  17. cost + a markup
  18. 44
  19. 6
  20. 10
  21. 12
  22. 10
  23. 50
  24. 10
  25. 10 rupees
  26. 30
  27. 106
  28. 50
  29. 48
  30. 10
  31. 54
  32. 3
  33. 100
  34. 50
  35. 2
  36. 5
  37. 10
  38. 22
  39. 15
  40. 50

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