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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 685 · 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 clay diya costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹20 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹56 to make and Ananya sells it for ₹70. What is the markup in percent?
  5. 5.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  6. 6.One paper bookmark costs ₹45 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  8. 8.One friendship band costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹30 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹36 to make and Arjun sells it for ₹54. What is the markup in percent?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  12. 12.One glass of chai costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  13. 13.One paper bookmark costs ₹16 to make and Rohan sells it for ₹24. What is the markup in percent?
  14. 14.One handmade card costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹25 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  17. 17.One jute bag costs ₹35 to make and Meera sells it for ₹42. What is the markup in percent?
  18. 18.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  19. 19.One paper bookmark costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  20. 20.One glass of chai costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  22. 22.One handmade card costs ₹40 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹24 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹19 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹56 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  27. 27.One paper bookmark costs ₹22 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹60 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹20 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹30 to make and Nisha sells it for ₹45. What is the markup in percent?
  31. 31.One friendship band costs ₹44 to make and Vihaan sells it for ₹55. What is the markup in percent?
  32. 32.One potted plant costs ₹20 to make and Meera sells it for ₹24. What is the markup in percent?
  33. 33.One clay diya costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹52 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  36. 36.One painted pebble costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  38. 38.One paper bookmark costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹26 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹10 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 18
  2. 22
  3. 66
  4. 25
  5. what buyers will pay
  6. 54
  7. 10 rupees
  8. 66
  9. 36
  10. 50
  11. a loss
  12. 10
  13. 50
  14. 22
  15. 5
  16. 10
  17. 20
  18. cost + a markup
  19. 25
  20. 22
  21. 10
  22. 8
  23. 12
  24. 19
  25. 84
  26. 10
  27. 33
  28. 120
  29. 5
  30. 50
  31. 25
  32. 20
  33. 1
  34. 78
  35. 20
  36. 22
  37. 10
  38. 6
  39. 13
  40. 12

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