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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 561 · 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 painted pebble costs ₹24 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One potted plant costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One painted pebble costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹40 to make and Saanvi sells it for ₹60. What is the markup in percent?
  6. 6.One potted plant costs ₹12 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  8. 8.One paper bookmark costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?
  9. 9.One jute bag costs ₹30 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  11. 11.One paper bookmark costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  13. 13.One handmade card costs ₹40 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  16. 16.One handmade card costs ₹32 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  18. 18.One cupcake costs ₹39 to make and Rohan sells it for ₹78. What is the markup in percent?
  19. 19.One friendship band costs ₹48 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹16 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹28 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹10 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹28 to make and Aarav sells it for ₹35. What is the markup in percent?
  26. 26.One cupcake costs ₹60 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹15 to make and Rohan sells it for ₹18. What is the markup in percent?
  28. 28.One fruit cup costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  29. 29.One glass of chai costs ₹12 to make and Tara sells it for ₹18. What is the markup in percent?
  30. 30.One painted pebble costs ₹16 to make and Ananya sells it for ₹20. What is the markup in percent?
  31. 31.One paper bookmark costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹58 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹20 to make and Meera sells it for ₹25. What is the markup in percent?
  34. 34.One jute bag costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹34 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹56 to make and Arjun sells it for ₹112. What is the markup in percent?
  38. 38.One handmade card costs ₹34 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  40. 40.One bag of popcorn costs ₹44 to make and Kavya sells it for ₹66. What is the markup in percent?

Answer key

  1. 30
  2. 10
  3. 66
  4. 2
  5. 50
  6. 24
  7. a loss
  8. 10
  9. 45
  10. 10
  11. 33
  12. 10 rupees
  13. 8
  14. 2
  15. 20
  16. 48
  17. cost + a markup
  18. 100
  19. 48
  20. 24
  21. 6
  22. 7
  23. 4
  24. 20
  25. 25
  26. 12
  27. 20
  28. 20
  29. 50
  30. 25
  31. 4
  32. 58
  33. 25
  34. 4
  35. 17
  36. 72
  37. 100
  38. 17
  39. what buyers will pay
  40. 50

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