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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 814 · 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.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  2. 2.One jute bag costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  4. 4.One bag of popcorn costs ₹44 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹38 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹50 to make and Nisha sells it for ₹60. What is the markup in percent?
  7. 7.One painted pebble costs ₹38 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  9. 9.One bag of popcorn costs ₹30 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹16 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹35 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹36 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹44 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹52 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One bag of popcorn costs ₹12 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹59 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹50 to make and Gurpreet sells it for ₹75. What is the markup in percent?
  20. 20.One painted pebble costs ₹18 to make and Aarav sells it for ₹36. What is the markup in percent?
  21. 21.One fruit cup costs ₹27 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹22 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹20 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹48 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹20 to make and Diya sells it for ₹25. What is the markup in percent?
  28. 28.One friendship band costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  29. 29.One painted pebble costs ₹33 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹25 to make and Farhan sells it for ₹30. What is the markup in percent?
  31. 31.One fruit cup costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹60 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹56 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One cupcake costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  37. 37.One friendship band costs ₹36 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹28 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹28 to make and Lakshmi sells it for ₹35. What is the markup in percent?
  40. 40.One clay diya costs ₹44 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 10
  3. 10 rupees
  4. 55
  5. 19
  6. 20
  7. 19
  8. what buyers will pay
  9. 36
  10. 20
  11. 7
  12. 66
  13. 54
  14. 11
  15. 50
  16. 78
  17. 15
  18. 59
  19. 50
  20. 100
  21. 27
  22. 6
  23. 11
  24. 30
  25. 72
  26. 66
  27. 25
  28. 10
  29. 66
  30. 20
  31. 5
  32. 90
  33. 10
  34. 28
  35. 6
  36. 10
  37. 18
  38. 42
  39. 25
  40. 22

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