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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 160 · 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 jute bag costs ₹26 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One jute bag costs ₹44 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹32 to make and Joseph sells it for ₹40. What is the markup in percent?
  4. 4.One jute bag costs ₹57 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹25 to make and Riya sells it for ₹30. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  8. 8.One bag of popcorn costs ₹35 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹37 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹12 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹48 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  13. 13.One handmade card costs ₹58 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹50 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  16. 16.One cup of lemonade costs ₹45 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹14 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  19. 19.One paper bookmark costs ₹50 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹45 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  24. 24.One potted plant costs ₹30 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹26 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹20 to make and Vihaan sells it for ₹25. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹12 to make and Tara sells it for ₹15. What is the markup in percent?
  30. 30.One glass of chai costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹45 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  34. 34.One cupcake costs ₹40 to make and Riya sells it for ₹50. What is the markup in percent?
  35. 35.One handmade card costs ₹38 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹58 to make and Zoya sells it for ₹116. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹16 to make and Vihaan sells it for ₹24. What is the markup in percent?
  39. 39.One potted plant costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  40. 40.One potted plant costs ₹60 to make and Meera sells it for ₹90. What is the markup in percent?

Answer key

  1. 52
  2. 44
  3. 25
  4. 114
  5. 20
  6. 33
  7. cost + a markup
  8. 7
  9. 37
  10. 6
  11. 12
  12. what buyers will pay
  13. 29
  14. 60
  15. 10 rupees
  16. 45
  17. 21
  18. 10
  19. 25
  20. 54
  21. 3
  22. 35
  23. a loss
  24. 36
  25. 13
  26. 25
  27. 2
  28. 3
  29. 25
  30. 66
  31. 4
  32. 9
  33. 20
  34. 25
  35. 57
  36. 24
  37. 100
  38. 50
  39. 10
  40. 50

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