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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 893 · 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 ₹16 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  3. 3.One glass of chai costs ₹15 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  5. 5.One potted plant costs ₹48 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹40 to make and Arjun sells it for ₹50. What is the markup in percent?
  7. 7.One handmade card costs ₹36 to make and Ananya sells it for ₹72. What is the markup in percent?
  8. 8.One potted plant costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹34 to make and Farhan sells it for ₹51. What is the markup in percent?
  12. 12.One paper bookmark costs ₹16 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One potted plant costs ₹52 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  16. 16.One paper bookmark costs ₹40 to make and Vihaan sells it for ₹80. What is the markup in percent?
  17. 17.One paper bookmark costs ₹17 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  19. 19.One friendship band costs ₹50 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  21. 21.One clay diya costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  23. 23.One friendship band costs ₹40 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹32 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹36 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹15 to make and Dev sells it for ₹18. What is the markup in percent?
  28. 28.One clay diya costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹15 to make and Gurpreet sells it for ₹18. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹20 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹22 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹19 to make and Kavya sells it for ₹38. What is the markup in percent?
  33. 33.One cupcake costs ₹28 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹29 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹40 to make and Ananya sells it for ₹48. What is the markup in percent?
  36. 36.One friendship band costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹16 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹14 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 24
  2. cost + a markup
  3. 18
  4. a loss
  5. 60
  6. 25
  7. 100
  8. 22
  9. 66
  10. 55
  11. 50
  12. 4
  13. 12
  14. 65
  15. what buyers will pay
  16. 100
  17. 17
  18. 10
  19. 60
  20. 10
  21. 33
  22. 10 rupees
  23. 20
  24. 8
  25. 9
  26. 33
  27. 20
  28. 5
  29. 20
  30. 10
  31. 33
  32. 100
  33. 42
  34. 58
  35. 20
  36. 2
  37. 32
  38. 6
  39. 14
  40. 2

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