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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 970 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  2. 2.One fruit cup costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹40 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹14 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One cupcake costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹58 to make and Kavya sells it for ₹87. What is the markup in percent?
  9. 9.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  10. 10.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  11. 11.One potted plant costs ₹45 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹28 to make and Kavya sells it for ₹42. What is the markup in percent?
  13. 13.One painted pebble costs ₹34 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  15. 15.One cup of lemonade costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹40 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹42 to make and Gurpreet sells it for ₹84. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹48 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹12 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹12 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹11 to make and Joseph sells it for ₹22. What is the markup in percent?
  24. 24.One friendship band costs ₹60 to make and Lakshmi sells it for ₹120. What is the markup in percent?
  25. 25.One friendship band costs ₹24 to make and Zoya sells it for ₹30. What is the markup in percent?
  26. 26.One painted pebble costs ₹43 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹60 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹47 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹53 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹16 to make and Tara sells it for ₹32. What is the markup in percent?
  32. 32.One cupcake costs ₹53 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹25 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹56 to make and Saanvi sells it for ₹70. What is the markup in percent?
  35. 35.One friendship band costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹40 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹20 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹45 to make. Riya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. 48
  3. 20
  4. 21
  5. 3
  6. 22
  7. 11
  8. 50
  9. cost + a markup
  10. a loss
  11. 90
  12. 50
  13. 68
  14. what buyers will pay
  15. 22
  16. 50
  17. 100
  18. 10
  19. 20
  20. 24
  21. 3
  22. 12
  23. 100
  24. 100
  25. 25
  26. 86
  27. 15
  28. 47
  29. 53
  30. 33
  31. 100
  32. 53
  33. 50
  34. 25
  35. 4
  36. 22
  37. 48
  38. 24
  39. 2
  40. 54

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