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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 592 · 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 bag of popcorn costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One fruit cup costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One clay diya costs ₹56 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹52 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹20 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹42 to make and Lakshmi sells it for ₹63. What is the markup in percent?
  8. 8.One potted plant costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  10. 10.One painted pebble costs ₹25 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  13. 13.One glass of chai costs ₹25 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹36 to make and Tara sells it for ₹45. What is the markup in percent?
  15. 15.One cupcake costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  16. 16.One fruit cup costs ₹15 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹60 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹53 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹16 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹45 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹52 to make and Riya sells it for ₹65. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹13 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  23. 23.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  24. 24.One handmade card costs ₹15 to make and Aarav sells it for ₹18. What is the markup in percent?
  25. 25.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  26. 26.One friendship band costs ₹15 to make and Joseph sells it for ₹18. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹25 to make and Tara sells it for ₹30. What is the markup in percent?
  28. 28.One clay diya costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹55 to make and Kabir sells it for ₹66. What is the markup in percent?
  31. 31.One potted plant costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹18 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹43 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹32 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹42 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹52 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  40. 40.One fruit cup costs ₹55 to make. Riya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 11
  2. 6
  3. 1
  4. 84
  5. 65
  6. 22
  7. 50
  8. 6
  9. what buyers will pay
  10. 30
  11. 6
  12. 10 rupees
  13. 5
  14. 25
  15. 25
  16. 18
  17. 10
  18. 106
  19. 16
  20. 9
  21. 25
  22. 26
  23. cost + a markup
  24. 20
  25. a loss
  26. 20
  27. 20
  28. 4
  29. 72
  30. 20
  31. 6
  32. 36
  33. 6
  34. 55
  35. 86
  36. 40
  37. 63
  38. 13
  39. 10
  40. 66

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