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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 764 · 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 ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹11 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹12 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  5. 5.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  6. 6.One glass of chai costs ₹44 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹37 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  10. 10.One cupcake costs ₹46 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹52 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹20 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  16. 16.One potted plant costs ₹20 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹26 to make and Ananya sells it for ₹39. What is the markup in percent?
  18. 18.One handmade card costs ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
  19. 19.One clay diya costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹52 to make and Vihaan sells it for ₹78. What is the markup in percent?
  22. 22.One potted plant costs ₹25 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹44 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹30 to make and Saanvi sells it for ₹60. What is the markup in percent?
  26. 26.One jute bag costs ₹12 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹28 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹49 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹52 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹36 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹48 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹20 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹20 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹20 to make and Diya sells it for ₹40. What is the markup in percent?
  35. 35.One handmade card costs ₹31 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  37. 37.One cupcake costs ₹40 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹16 to make and Kavya sells it for ₹24. What is the markup in percent?
  39. 39.One potted plant costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹36 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 22
  2. 22
  3. 12
  4. 10 rupees
  5. a loss
  6. 55
  7. 3
  8. 37
  9. what buyers will pay
  10. 23
  11. 65
  12. 6
  13. 6
  14. 5
  15. cost + a markup
  16. 30
  17. 50
  18. 10
  19. 10
  20. 10
  21. 50
  22. 5
  23. 66
  24. 1
  25. 100
  26. 3
  27. 42
  28. 98
  29. 65
  30. 9
  31. 48
  32. 10
  33. 20
  34. 100
  35. 31
  36. 20
  37. 50
  38. 50
  39. 2
  40. 45

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