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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 742 · 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 ₹29 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One handmade card costs ₹36 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  5. 5.One glass of chai costs ₹60 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹50 to make and Saanvi sells it for ₹60. What is the markup in percent?
  7. 7.One glass of chai costs ₹36 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  9. 9.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  10. 10.One bag of popcorn costs ₹20 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹12 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  13. 13.One glass of chai costs ₹50 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹32 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹55 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹24 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹54 to make and Zoya sells it for ₹81. What is the markup in percent?
  18. 18.One jute bag costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹11 to make and Meera sells it for ₹22. What is the markup in percent?
  20. 20.One handmade card costs ₹54 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹48 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  23. 23.One clay diya costs ₹16 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹56 to make and Lakshmi sells it for ₹112. What is the markup in percent?
  25. 25.One clay diya costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  26. 26.One handmade card costs ₹60 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹55 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹35 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹44 to make and Kavya sells it for ₹55. What is the markup in percent?
  35. 35.One jute bag costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹25 to make and Tara sells it for ₹30. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  38. 38.One glass of chai costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹25 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 29
  2. 54
  3. 44
  4. 10 rupees
  5. 72
  6. 20
  7. 45
  8. cost + a markup
  9. what buyers will pay
  10. 5
  11. 15
  12. a loss
  13. 10
  14. 48
  15. 66
  16. 30
  17. 50
  18. 22
  19. 100
  20. 81
  21. 44
  22. 50
  23. 20
  24. 100
  25. 20
  26. 30
  27. 22
  28. 10
  29. 33
  30. 110
  31. 33
  32. 10
  33. 70
  34. 25
  35. 44
  36. 20
  37. 20
  38. 20
  39. 50
  40. 11

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