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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 87 · 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 ₹30 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  3. 3.One friendship band costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹52 to make and Saanvi sells it for ₹78. 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.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  8. 8.One painted pebble costs ₹28 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹24 to make and Aarav sells it for ₹36. What is the markup in percent?
  10. 10.One handmade card costs ₹48 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹55 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹54 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?
  14. 14.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  15. 15.One painted pebble costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹14 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  18. 18.One fruit cup costs ₹50 to make and Rohan sells it for ₹55. What is the markup in percent?
  19. 19.One potted plant costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹38 to make and Ananya sells it for ₹57. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹14 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹32 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  28. 28.One clay diya costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  29. 29.One painted pebble costs ₹32 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹35 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹35 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹60 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹54 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹45 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹28 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹40 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 6
  2. 10
  3. 44
  4. 50
  5. cost + a markup
  6. 10 rupees
  7. what buyers will pay
  8. 7
  9. 50
  10. 12
  11. 66
  12. 81
  13. 25
  14. a loss
  15. 4
  16. 21
  17. 10
  18. 10
  19. 12
  20. 50
  21. 7
  22. 64
  23. 35
  24. 20
  25. 1
  26. 35
  27. 20
  28. 10
  29. 32
  30. 35
  31. 6
  32. 7
  33. 72
  34. 6
  35. 27
  36. 6
  37. 90
  38. 7
  39. 48
  40. 42

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