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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 884 · 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 ₹60 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One cup of lemonade costs ₹12 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹10 to make and Aarav sells it for ₹20. What is the markup in percent?
  4. 4.One fruit cup costs ₹20 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs ₹30 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  7. 7.One bag of popcorn costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹24 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹51 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹45 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹15 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  14. 14.One paper bookmark costs ₹50 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹10 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹36 to make and Vihaan sells it for ₹45. What is the markup in percent?
  17. 17.One friendship band costs ₹44 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  20. 20.One cup of lemonade costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One painted pebble costs ₹18 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹40 to make and Kabir sells it for ₹48. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹24 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹16 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹14 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹30 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  29. 29.One clay diya costs ₹45 to make and Ananya sells it for ₹54. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  32. 32.One painted pebble costs ₹16 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  35. 35.One handmade card costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹50 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  39. 39.One bag of popcorn costs ₹55 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 30
  2. 15
  3. 100
  4. 5
  5. 45
  6. a loss
  7. 6
  8. 6
  9. 102
  10. 30
  11. 9
  12. 18
  13. cost + a markup
  14. 60
  15. 2
  16. 25
  17. 66
  18. 10
  19. 10 rupees
  20. 55
  21. 20
  22. 9
  23. 20
  24. 6
  25. 20
  26. 28
  27. 30
  28. 20
  29. 20
  30. 6
  31. 10
  32. 4
  33. 66
  34. 20
  35. 5
  36. 10
  37. 33
  38. what buyers will pay
  39. 66
  40. 11

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