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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 581 · 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 ₹22 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹40 to make and Dev sells it for ₹60. What is the markup in percent?
  3. 3.One painted pebble costs ₹20 to make and Diya sells it for ₹25. What is the markup in percent?
  4. 4.One friendship band costs ₹48 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹24 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  7. 7.One paper bookmark costs ₹52 to make and Aarav sells it for ₹78. What is the markup in percent?
  8. 8.One painted pebble costs ₹58 to make and Ishaan sells it for ₹87. What is the markup in percent?
  9. 9.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  10. 10.One cup of lemonade costs ₹44 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹26 to make and Kabir sells it for ₹52. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹20 to make and Vihaan sells it for ₹25. What is the markup in percent?
  13. 13.One friendship band costs ₹16 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹26 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹10 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹20 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  21. 21.One potted plant costs ₹52 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹12 to make and Arjun sells it for ₹15. What is the markup in percent?
  23. 23.One cupcake costs ₹26 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹24 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹44 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  27. 27.One glass of chai costs ₹22 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹45 to make and Vihaan sells it for ₹54. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹16 to make and Ananya sells it for ₹24. What is the markup in percent?
  31. 31.One friendship band costs ₹16 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹52 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹29 to make and Dev sells it for ₹58. What is the markup in percent?
  34. 34.One handmade card costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  35. 35.One painted pebble costs ₹48 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹20 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹22 to make and Kavya sells it for ₹33. What is the markup in percent?
  39. 39.One fruit cup costs ₹45 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 44
  2. 50
  3. 25
  4. 72
  5. 6
  6. what buyers will pay
  7. 50
  8. 50
  9. a loss
  10. 66
  11. 100
  12. 25
  13. 24
  14. 52
  15. 12
  16. 6
  17. 4
  18. 44
  19. 2
  20. cost + a markup
  21. 78
  22. 25
  23. 39
  24. 6
  25. 66
  26. 10 rupees
  27. 11
  28. 20
  29. 18
  30. 50
  31. 32
  32. 65
  33. 100
  34. 10
  35. 24
  36. 24
  37. 6
  38. 50
  39. 90
  40. 5

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