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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 828 · 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 painted pebble costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  2. 2.One glass of chai costs ₹56 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹28 to make and Tara sells it for ₹42. What is the markup in percent?
  4. 4.One handmade card costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  5. 5.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  6. 6.One potted plant costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs ₹48 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹18 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  12. 12.One glass of chai costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹40 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  15. 15.One jute bag costs ₹34 to make and Kabir sells it for ₹51. What is the markup in percent?
  16. 16.One glass of chai costs ₹14 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹56 to make and Tara sells it for ₹70. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹30 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹59 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹18 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  24. 24.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  25. 25.One cupcake costs ₹30 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹10 to make and Nisha sells it for ₹11. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹50 to make and Joseph sells it for ₹60. What is the markup in percent?
  28. 28.One handmade card costs ₹56 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹22 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹16 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹10 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹14 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹28 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹14 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  40. 40.One friendship band costs ₹60 to make. Meera adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 84
  3. 50
  4. 20
  5. cost + a markup
  6. 2
  7. 72
  8. 12
  9. 18
  10. 33
  11. a loss
  12. 44
  13. 40
  14. 10 rupees
  15. 50
  16. 21
  17. 25
  18. 20
  19. 45
  20. 3
  21. 118
  22. 27
  23. 55
  24. what buyers will pay
  25. 45
  26. 10
  27. 20
  28. 28
  29. 11
  30. 24
  31. 48
  32. 5
  33. 1
  34. 7
  35. 14
  36. 66
  37. 5
  38. 7
  39. 10
  40. 75

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