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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 674 · 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 ₹24 to make and Ishaan sells it for ₹48. What is the markup in percent?
  2. 2.One potted plant costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹43 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹16 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  6. 6.One bag of popcorn costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  7. 7.One potted plant costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  8. 8.One fruit cup costs ₹22 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One fruit cup costs ₹10 to make and Zoya sells it for ₹20. What is the markup in percent?
  10. 10.One potted plant costs ₹50 to make and Kabir sells it for ₹75. What is the markup in percent?
  11. 11.One handmade card costs ₹52 to make and Aarav sells it for ₹104. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹40 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  14. 14.One glass of chai costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹50 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One bag of popcorn costs ₹24 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  19. 19.One glass of chai costs ₹16 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  24. 24.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  25. 25.One jute bag costs ₹60 to make and Gurpreet sells it for ₹90. What is the markup in percent?
  26. 26.One glass of chai costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  27. 27.One glass of chai costs ₹60 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹32 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹49 to make and Rohan sells it for ₹98. What is the markup in percent?
  30. 30.One potted plant costs ₹40 to make and Nisha sells it for ₹48. What is the markup in percent?
  31. 31.One friendship band costs ₹28 to make and Dev sells it for ₹35. What is the markup in percent?
  32. 32.One glass of chai costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹22 to make and Kabir sells it for ₹33. What is the markup in percent?
  34. 34.One paper bookmark costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  35. 35.One handmade card costs ₹52 to make and Kabir sells it for ₹104. What is the markup in percent?
  36. 36.One potted plant costs ₹44 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  39. 39.One handmade card costs ₹19 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?

Answer key

  1. 100
  2. 12
  3. 86
  4. 8
  5. cost + a markup
  6. 10
  7. 10
  8. 33
  9. 100
  10. 50
  11. 100
  12. 8
  13. 10 rupees
  14. 11
  15. 20
  16. 75
  17. 36
  18. 10
  19. 20
  20. 5
  21. 15
  22. 11
  23. 10
  24. a loss
  25. 50
  26. 10
  27. 75
  28. 8
  29. 100
  30. 20
  31. 25
  32. 6
  33. 50
  34. 10
  35. 100
  36. 55
  37. 36
  38. what buyers will pay
  39. 38
  40. 25

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