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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 910 · 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 ₹36 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  4. 4.One friendship band costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One cupcake costs ₹41 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹50 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One handmade card costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  9. 9.One jute bag costs ₹28 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  11. 11.One paper bookmark costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹45 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹24 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One bag of popcorn costs ₹59 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  19. 19.One paper bookmark costs ₹45 to make and Arjun sells it for ₹54. What is the markup in percent?
  20. 20.One fruit cup costs ₹48 to make and Saanvi sells it for ₹60. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹35 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹36 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹24 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹20 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹54 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹10 to make and Saanvi sells it for ₹12. What is the markup in percent?
  29. 29.One cupcake costs ₹30 to make and Zoya sells it for ₹36. What is the markup in percent?
  30. 30.One jute bag costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹32 to make and Diya sells it for ₹40. What is the markup in percent?
  32. 32.One paper bookmark costs ₹18 to make and Rohan sells it for ₹36. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹30 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹34 to make and Joseph sells it for ₹51. What is the markup in percent?
  35. 35.One fruit cup costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  39. 39.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  40. 40.One jute bag costs ₹34 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 45
  2. a loss
  3. what buyers will pay
  4. 3
  5. 42
  6. 82
  7. 60
  8. 20
  9. 14
  10. 10 rupees
  11. 7
  12. 33
  13. 30
  14. 9
  15. 36
  16. 55
  17. 59
  18. 10
  19. 20
  20. 25
  21. 7
  22. 45
  23. 12
  24. 1
  25. 9
  26. 20
  27. 108
  28. 20
  29. 20
  30. 1
  31. 25
  32. 100
  33. 3
  34. 50
  35. 22
  36. 2
  37. 33
  38. 10
  39. cost + a markup
  40. 17

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