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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 850 · 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 handmade card costs ₹58 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One cup of lemonade costs ₹48 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹35 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹50 to make and Joseph sells it for ₹60. What is the markup in percent?
  5. 5.One potted plant costs ₹17 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  7. 7.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  8. 8.One friendship band costs ₹36 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  9. 9.One fruit cup costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹58 to make and Meera sells it for ₹116. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹32 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  13. 13.One jute bag costs ₹56 to make and Ananya sells it for ₹84. What is the markup in percent?
  14. 14.One cupcake costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  16. 16.One clay diya costs ₹12 to make and Joseph sells it for ₹24. What is the markup in percent?
  17. 17.One handmade card costs ₹37 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹10 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹24 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹50 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  23. 23.One cupcake costs ₹34 to make and Kabir sells it for ₹51. What is the markup in percent?
  24. 24.One handmade card costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  25. 25.One jute bag costs ₹23 to make and Joseph sells it for ₹46. What is the markup in percent?
  26. 26.One friendship band costs ₹22 to make and Ananya sells it for ₹33. What is the markup in percent?
  27. 27.One jute bag costs ₹44 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹48 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹19 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹38 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹54 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹20 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  36. 36.One friendship band costs ₹52 to make and Tara sells it for ₹78. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹11 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹26 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹48 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 29
  2. 48
  3. 35
  4. 20
  5. 34
  6. 10
  7. a loss
  8. 50
  9. 66
  10. 100
  11. 8
  12. 25
  13. 50
  14. 1
  15. cost + a markup
  16. 100
  17. 74
  18. 15
  19. 30
  20. 18
  21. 10
  22. what buyers will pay
  23. 50
  24. 10
  25. 100
  26. 50
  27. 11
  28. 60
  29. 19
  30. 66
  31. 76
  32. 108
  33. 55
  34. 24
  35. 10 rupees
  36. 50
  37. 54
  38. 11
  39. 52
  40. 72

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