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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 987 · 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 ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  4. 4.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  5. 5.One friendship band costs ₹36 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  7. 7.One cupcake costs ₹30 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹40 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  11. 11.One glass of chai costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  12. 12.One paper bookmark costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  13. 13.One jute bag costs ₹36 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹22 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹16 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹50 to make and Arjun sells it for ₹55. What is the markup in percent?
  17. 17.One friendship band costs ₹58 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  19. 19.One fruit cup costs ₹40 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹13 to make and Aarav sells it for ₹26. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  26. 26.One cupcake costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?
  28. 28.One paper bookmark costs ₹32 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹50 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  30. 30.One clay diya costs ₹45 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹15 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹50 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹52 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹60 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹58 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  37. 37.One jute bag costs ₹16 to make and Ishaan sells it for ₹32. What is the markup in percent?
  38. 38.One handmade card costs ₹52 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹24 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 12
  2. 6
  3. 10 rupees
  4. what buyers will pay
  5. 45
  6. a loss
  7. 45
  8. 20
  9. 20
  10. cost + a markup
  11. 20
  12. 10
  13. 36
  14. 33
  15. 4
  16. 10
  17. 87
  18. 10
  19. 48
  20. 6
  21. 11
  22. 50
  23. 100
  24. 3
  25. 10
  26. 11
  27. 10
  28. 64
  29. 20
  30. 54
  31. 18
  32. 60
  33. 104
  34. 72
  35. 29
  36. 10
  37. 100
  38. 52
  39. 24
  40. 12

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