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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 579 · 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 ₹13 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹26 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  4. 4.One painted pebble costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One painted pebble costs ₹12 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs ₹12 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  10. 10.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  11. 11.One cup of lemonade costs ₹37 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One potted plant costs ₹35 to make and Riya sells it for ₹70. What is the markup in percent?
  14. 14.One paper bookmark costs ₹24 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹30 to make and Riya sells it for ₹36. What is the markup in percent?
  16. 16.One glass of chai costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹20 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹15 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹44 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹45 to make and Saanvi sells it for ₹54. What is the markup in percent?
  24. 24.One glass of chai costs ₹52 to make and Rohan sells it for ₹78. What is the markup in percent?
  25. 25.One friendship band costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  27. 27.One jute bag costs ₹44 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹20 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹25 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  34. 34.One friendship band costs ₹24 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹16 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹40 to make and Tara sells it for ₹60. What is the markup in percent?
  39. 39.One potted plant costs ₹34 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 26
  2. 13
  3. 10
  4. 48
  5. 24
  6. 1
  7. 3
  8. cost + a markup
  9. 10 rupees
  10. what buyers will pay
  11. 37
  12. 7
  13. 100
  14. 36
  15. 20
  16. 66
  17. 4
  18. 4
  19. 44
  20. 30
  21. 22
  22. 11
  23. 20
  24. 50
  25. 3
  26. a loss
  27. 88
  28. 35
  29. 5
  30. 18
  31. 5
  32. 24
  33. 10
  34. 6
  35. 66
  36. 22
  37. 32
  38. 50
  39. 34
  40. 5

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