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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 696 · 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 cupcake costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  2. 2.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  3. 3.One cup of lemonade costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One paper bookmark costs ₹40 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One handmade card costs ₹56 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹40 to make and Tara sells it for ₹50. What is the markup in percent?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  8. 8.One cup of lemonade costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  10. 10.One potted plant costs ₹45 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹44 to make and Kabir sells it for ₹88. What is the markup in percent?
  13. 13.One clay diya costs ₹60 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹56 to make and Farhan sells it for ₹70. What is the markup in percent?
  15. 15.One handmade card costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹30 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹44 to make and Rohan sells it for ₹88. What is the markup in percent?
  18. 18.One painted pebble costs ₹56 to make and Joseph sells it for ₹70. What is the markup in percent?
  19. 19.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  20. 20.One potted plant costs ₹52 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹36 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹28 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹15 to make and Aarav sells it for ₹18. What is the markup in percent?
  24. 24.One handmade card costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹40 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹18 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹48 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹60 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹55 to make and Rohan sells it for ₹110. What is the markup in percent?
  32. 32.One painted pebble costs ₹40 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹55 to make and Kabir sells it for ₹66. What is the markup in percent?
  34. 34.One fruit cup costs ₹54 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  36. 36.One handmade card costs ₹35 to make and Nisha sells it for ₹42. What is the markup in percent?
  37. 37.One clay diya costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹15 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 25
  2. what buyers will pay
  3. 50
  4. 40
  5. 70
  6. 25
  7. 10 rupees
  8. 22
  9. a loss
  10. 54
  11. 42
  12. 100
  13. 72
  14. 25
  15. 22
  16. 6
  17. 100
  18. 25
  19. cost + a markup
  20. 104
  21. 45
  22. 7
  23. 20
  24. 20
  25. 48
  26. 22
  27. 4
  28. 36
  29. 60
  30. 30
  31. 100
  32. 10
  33. 20
  34. 27
  35. 20
  36. 20
  37. 10
  38. 33
  39. 1
  40. 18

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