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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 890 · 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 ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹46 to make and Dev sells it for ₹92. What is the markup in percent?
  3. 3.One clay diya costs ₹50 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹18 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One cupcake costs ₹44 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  8. 8.One potted plant costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One fruit cup costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  11. 11.One glass of chai costs ₹32 to make and Farhan sells it for ₹40. What is the markup in percent?
  12. 12.One handmade card costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  13. 13.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  14. 14.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  15. 15.One glass of chai costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹30 to make and Diya sells it for ₹45. What is the markup in percent?
  17. 17.One potted plant costs ₹60 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  19. 19.One glass of chai costs ₹36 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹28 to make and Farhan sells it for ₹42. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹24 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹42 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  27. 27.One handmade card costs ₹21 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One jute bag costs ₹52 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹54 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹35 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹45 to make and Arjun sells it for ₹54. What is the markup in percent?
  33. 33.One friendship band costs ₹45 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹26 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹45 to make and Rohan sells it for ₹90. What is the markup in percent?
  38. 38.One fruit cup costs ₹36 to make and Diya sells it for ₹45. What is the markup in percent?
  39. 39.One potted plant costs ₹18 to make and Meera sells it for ₹27. What is the markup in percent?
  40. 40.One paper bookmark costs ₹45 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 100
  3. 100
  4. 4
  5. 27
  6. 44
  7. a loss
  8. 33
  9. 22
  10. 10
  11. 25
  12. 10
  13. what buyers will pay
  14. cost + a markup
  15. 1
  16. 50
  17. 75
  18. 10 rupees
  19. 45
  20. 66
  21. 50
  22. 24
  23. 84
  24. 4
  25. 7
  26. 20
  27. 21
  28. 52
  29. 27
  30. 66
  31. 42
  32. 20
  33. 54
  34. 11
  35. 33
  36. 13
  37. 100
  38. 25
  39. 50
  40. 54

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