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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 740 · 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 glass of chai costs ₹16 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One potted plant costs ₹10 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹25 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹36 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹40 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  7. 7.One glass of chai costs ₹40 to make and Kabir sells it for ₹48. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  9. 9.One bag of popcorn costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  12. 12.One painted pebble costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹39 to make and Kavya sells it for ₹78. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹48 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹31 to make. Lakshmi adds a 100% 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) nothing else (d) what buyers will pay
  18. 18.One cup of lemonade costs ₹45 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹47 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹11 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  22. 22.One potted plant costs ₹51 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹12 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹15 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹10 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹24 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹36 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹22 to make and Rohan sells it for ₹44. What is the markup in percent?
  32. 32.One clay diya costs ₹58 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹20 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  35. 35.One painted pebble costs ₹48 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹56 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  38. 38.One fruit cup costs ₹22 to make and Riya sells it for ₹33. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹20 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?

Answer key

  1. 16
  2. 5
  3. 5
  4. 54
  5. 20
  6. 10
  7. 20
  8. a loss
  9. 30
  10. 66
  11. cost + a markup
  12. 11
  13. 100
  14. 66
  15. 24
  16. 62
  17. what buyers will pay
  18. 54
  19. 47
  20. 22
  21. 10 rupees
  22. 51
  23. 18
  24. 3
  25. 10
  26. 55
  27. 20
  28. 12
  29. 45
  30. 6
  31. 100
  32. 58
  33. 5
  34. 10
  35. 12
  36. 56
  37. 20
  38. 50
  39. 25
  40. 10

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