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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 617 · 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 paper bookmark costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  3. 3.One cup of lemonade costs ₹12 to make and Zoya sells it for ₹18. What is the markup in percent?
  4. 4.One potted plant costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  5. 5.One painted pebble costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  6. 6.One friendship band costs ₹40 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  8. 8.One painted pebble costs ₹60 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  9. 9.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  10. 10.One fruit cup costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹22 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹20 to make and Dev sells it for ₹40. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹34 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  15. 15.One glass of chai costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  16. 16.One cupcake costs ₹56 to make and Dev sells it for ₹70. What is the markup in percent?
  17. 17.One handmade card costs ₹41 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  19. 19.One fruit cup costs ₹21 to make and Meera sells it for ₹42. What is the markup in percent?
  20. 20.One handmade card costs ₹12 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹36 to make and Ananya sells it for ₹54. What is the markup in percent?
  22. 22.One handmade card costs ₹16 to make and Kabir sells it for ₹20. What is the markup in percent?
  23. 23.One potted plant costs ₹34 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹34 to make and Farhan sells it for ₹68. What is the markup in percent?
  25. 25.One friendship band costs ₹20 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹22 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  27. 27.One painted pebble costs ₹16 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹56 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹12 to make and Zoya sells it for ₹15. What is the markup in percent?
  31. 31.One paper bookmark costs ₹49 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹48 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹15 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹50 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  38. 38.One friendship band costs ₹60 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹20 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 30
  2. cost + a markup
  3. 50
  4. 10
  5. 10
  6. 80
  7. 10
  8. 20
  9. what buyers will pay
  10. 40
  11. 22
  12. 100
  13. 34
  14. 10 rupees
  15. 10
  16. 25
  17. 82
  18. a loss
  19. 100
  20. 18
  21. 50
  22. 25
  23. 68
  24. 100
  25. 30
  26. 50
  27. 32
  28. 84
  29. 2
  30. 25
  31. 98
  32. 10
  33. 12
  34. 18
  35. 24
  36. 10
  37. 10
  38. 75
  39. 20
  40. 3

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