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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 753 · 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 ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  5. 5.One jute bag costs ₹48 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹38 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹18 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  10. 10.One painted pebble costs ₹24 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  12. 12.One clay diya costs ₹30 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One clay diya costs ₹53 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹54 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹23 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  17. 17.One potted plant costs ₹41 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs ₹35 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹10 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹10 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹20 to make and Aarav sells it for ₹25. What is the markup in percent?
  23. 23.One painted pebble costs ₹40 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹27 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹32 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹40 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  28. 28.One friendship band costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹12 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹32 to make and Diya sells it for ₹40. What is the markup in percent?
  31. 31.One potted plant costs ₹17 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹40 to make and Rohan sells it for ₹50. What is the markup in percent?
  33. 33.One clay diya costs ₹50 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹57 to make and Vihaan sells it for ₹114. What is the markup in percent?
  35. 35.One glass of chai costs ₹58 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹24 to make and Dev sells it for ₹30. What is the markup in percent?
  39. 39.One potted plant costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  40. 40.One cupcake costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?

Answer key

  1. 20
  2. 33
  3. a loss
  4. what buyers will pay
  5. 12
  6. 57
  7. 36
  8. 3
  9. 20
  10. 30
  11. cost + a markup
  12. 36
  13. 106
  14. 27
  15. 46
  16. 10 rupees
  17. 41
  18. 42
  19. 20
  20. 22
  21. 12
  22. 25
  23. 4
  24. 54
  25. 40
  26. 40
  27. 20
  28. 18
  29. 6
  30. 25
  31. 17
  32. 25
  33. 20
  34. 100
  35. 87
  36. 22
  37. 66
  38. 25
  39. 10
  40. 10

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