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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 720 · 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 ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹20 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  4. 4.One cupcake costs ₹46 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹48 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹20 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  8. 8.One cupcake costs ₹30 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  10. 10.One bag of popcorn costs ₹54 to make and Vihaan sells it for ₹81. What is the markup in percent?
  11. 11.One cupcake costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹20 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹15 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One fruit cup costs ₹33 to make and Rohan sells it for ₹66. What is the markup in percent?
  16. 16.One clay diya costs ₹58 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  18. 18.One clay diya costs ₹32 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹10 to make and Kabir sells it for ₹12. What is the markup in percent?
  20. 20.One potted plant costs ₹32 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹60 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  22. 22.One paper bookmark costs ₹47 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹55 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹15 to make and Farhan sells it for ₹30. What is the markup in percent?
  26. 26.One paper bookmark costs ₹10 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?
  28. 28.One jute bag costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹30 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  31. 31.One potted plant costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  33. 33.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  34. 34.One potted plant costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹58 to make and Dev sells it for ₹87. What is the markup in percent?
  36. 36.One friendship band costs ₹11 to make and Aarav sells it for ₹22. What is the markup in percent?
  37. 37.One glass of chai costs ₹56 to make and Saanvi sells it for ₹112. What is the markup in percent?
  38. 38.One glass of chai costs ₹45 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 72
  2. 5
  3. 20
  4. 69
  5. 48
  6. 5
  7. 20
  8. 6
  9. cost + a markup
  10. 50
  11. 48
  12. 5
  13. 15
  14. 33
  15. 100
  16. 87
  17. what buyers will pay
  18. 8
  19. 20
  20. 8
  21. 20
  22. 94
  23. 11
  24. 44
  25. 100
  26. 2
  27. 10
  28. 11
  29. 45
  30. 10 rupees
  31. 1
  32. 33
  33. a loss
  34. 11
  35. 50
  36. 100
  37. 100
  38. 9
  39. 2
  40. 11

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