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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 957 · 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 fruit cup costs ₹51 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  3. 3.One cupcake costs ₹27 to make and Diya sells it for ₹54. What is the markup in percent?
  4. 4.One friendship band costs ₹26 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹15 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹15 to make and Ishaan sells it for ₹30. What is the markup in percent?
  7. 7.One painted pebble costs ₹25 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One clay diya costs ₹12 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹12 to make and Rohan sells it for ₹18. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  11. 11.One friendship band costs ₹28 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  13. 13.One potted plant costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹15 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹60 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹44 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹36 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹29 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹60 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹58 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  22. 22.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  23. 23.One painted pebble costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹34 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹15 to make and Vihaan sells it for ₹18. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹30 to make and Tara sells it for ₹36. What is the markup in percent?
  28. 28.One clay diya costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹55 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹28 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹26 to make and Aarav sells it for ₹39. What is the markup in percent?
  32. 32.One jute bag costs ₹16 to make and Rohan sells it for ₹20. What is the markup in percent?
  33. 33.One glass of chai costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹12 to make and Kabir sells it for ₹15. What is the markup in percent?
  35. 35.One fruit cup costs ₹52 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹15 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  38. 38.One handmade card costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹60 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹35 to make and Kavya sells it for ₹42. What is the markup in percent?

Answer key

  1. 51
  2. a loss
  3. 100
  4. 39
  5. 18
  6. 100
  7. 25
  8. 6
  9. 50
  10. cost + a markup
  11. 7
  12. 10 rupees
  13. 30
  14. 3
  15. 75
  16. 66
  17. 72
  18. 29
  19. 90
  20. 87
  21. 40
  22. what buyers will pay
  23. 4
  24. 17
  25. 20
  26. 40
  27. 20
  28. 48
  29. 66
  30. 42
  31. 50
  32. 25
  33. 11
  34. 25
  35. 104
  36. 3
  37. 10
  38. 2
  39. 72
  40. 20

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