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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 635 · 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 ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  3. 3.One clay diya costs ₹10 to make and Joseph sells it for ₹12. What is the markup in percent?
  4. 4.One cupcake costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹36 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹16 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹22 to make and Dev sells it for ₹33. What is the markup in percent?
  9. 9.One cupcake costs ₹32 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One jute bag costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹14 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹26 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹38 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹55 to make and Diya sells it for ₹66. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One fruit cup costs ₹44 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹30 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  20. 20.One friendship band costs ₹32 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  24. 24.One handmade card costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  27. 27.One jute bag costs ₹39 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  28. 28.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  29. 29.One painted pebble costs ₹10 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  31. 31.One potted plant costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹32 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  33. 33.One cupcake costs ₹32 to make and Farhan sells it for ₹40. What is the markup in percent?
  34. 34.One paper bookmark costs ₹28 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹55 to make and Meera sells it for ₹66. What is the markup in percent?
  36. 36.One painted pebble costs ₹24 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹20 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹12 to make and Rohan sells it for ₹18. What is the markup in percent?

Answer key

  1. 20
  2. cost + a markup
  3. 20
  4. 10
  5. 5
  6. 54
  7. 24
  8. 50
  9. 40
  10. 48
  11. 7
  12. 39
  13. 57
  14. 20
  15. 12
  16. 11
  17. 40
  18. 3
  19. a loss
  20. 40
  21. 6
  22. 6
  23. 20
  24. 12
  25. 1
  26. 10
  27. 78
  28. what buyers will pay
  29. 12
  30. 10
  31. 48
  32. 50
  33. 25
  34. 7
  35. 20
  36. 36
  37. 10
  38. 4
  39. 48
  40. 50

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