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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 895 · 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 ₹56 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One clay diya costs ₹45 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  4. 4.One jute bag costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  7. 7.One cupcake costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  11. 11.One cupcake costs ₹20 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹45 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹54 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  16. 16.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  17. 17.One potted plant costs ₹20 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  19. 19.One fruit cup costs ₹25 to make and Dev sells it for ₹30. What is the markup in percent?
  20. 20.One glass of chai costs ₹48 to make and Ananya sells it for ₹72. What is the markup in percent?
  21. 21.One handmade card costs ₹16 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  23. 23.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  24. 24.One paper bookmark costs ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  25. 25.One paper bookmark costs ₹38 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹10 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹55 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹48 to make and Vihaan sells it for ₹60. What is the markup in percent?
  29. 29.One clay diya costs ₹40 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹15 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  33. 33.One painted pebble costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹44 to make and Nisha sells it for ₹55. What is the markup in percent?
  35. 35.One cupcake costs ₹14 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹11 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹58 to make and Ishaan sells it for ₹116. What is the markup in percent?
  40. 40.One painted pebble costs ₹58 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 70
  2. 90
  3. 20
  4. 11
  5. 11
  6. 10 rupees
  7. 3
  8. 42
  9. 10
  10. 10
  11. 4
  12. 54
  13. 54
  14. 81
  15. 10
  16. what buyers will pay
  17. 4
  18. a loss
  19. 20
  20. 50
  21. 32
  22. 36
  23. cost + a markup
  24. 20
  25. 57
  26. 12
  27. 55
  28. 25
  29. 48
  30. 30
  31. 2
  32. 10
  33. 6
  34. 25
  35. 21
  36. 42
  37. 75
  38. 22
  39. 100
  40. 29

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