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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 641 · 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 friendship band costs ₹20 to make and Ishaan sells it for ₹24. What is the markup in percent?
  2. 2.One painted pebble costs ₹14 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  4. 4.One potted plant costs ₹16 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹14 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One bag of popcorn costs ₹55 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  8. 8.One glass of chai costs ₹50 to make and Kavya sells it for ₹60. What is the markup in percent?
  9. 9.One friendship band costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹38 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One handmade card costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹23 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  19. 19.One friendship band costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹44 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹44 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹48 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹58 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One friendship band costs ₹16 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  30. 30.One cupcake costs ₹60 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹18 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹10 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹32 to make and Vihaan sells it for ₹40. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  37. 37.One fruit cup costs ₹42 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  40. 40.One glass of chai costs ₹35 to make. Riya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 7
  3. 20
  4. 8
  5. 28
  6. 66
  7. what buyers will pay
  8. 20
  9. 3
  10. 5
  11. 50
  12. 3
  13. 19
  14. 5
  15. 66
  16. 20
  17. 23
  18. a loss
  19. 55
  20. 22
  21. 72
  22. 66
  23. 20
  24. 45
  25. 48
  26. 29
  27. 8
  28. cost + a markup
  29. 10 rupees
  30. 90
  31. 27
  32. 12
  33. 3
  34. 28
  35. 25
  36. 10
  37. 21
  38. 60
  39. 10
  40. 42

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