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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 163 · 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.

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  1. 1.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  2. 2.One friendship band costs ₹15 to make and Aarav sells it for ₹18. What is the markup in percent?
  3. 3.One fruit cup costs ₹12 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹30 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹40 to make and Zoya sells it for ₹60. What is the markup in percent?
  7. 7.One glass of chai costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹36 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  10. 10.One fruit cup costs ₹30 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹28 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  14. 14.One clay diya costs ₹48 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹45 to make and Saanvi sells it for ₹90. What is the markup in percent?
  18. 18.One fruit cup costs ₹24 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹20 to make and Diya sells it for ₹24. What is the markup in percent?
  21. 21.One fruit cup costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹54 to make and Gurpreet sells it for ₹81. What is the markup in percent?
  23. 23.One jute bag costs ₹24 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹38 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹58 to make and Dev sells it for ₹87. What is the markup in percent?
  26. 26.One jute bag costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹50 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹19 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  30. 30.One glass of chai costs ₹19 to make and Rohan sells it for ₹38. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹22 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹16 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹20 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹44 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹18 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹44 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹55 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 20
  3. 15
  4. 4
  5. 33
  6. 50
  7. 55
  8. 45
  9. 10
  10. 36
  11. 28
  12. 36
  13. a loss
  14. 12
  15. 11
  16. 18
  17. 100
  18. 30
  19. 1
  20. 20
  21. 42
  22. 50
  23. 6
  24. 19
  25. 50
  26. 5
  27. 25
  28. 19
  29. 10 rupees
  30. 100
  31. 22
  32. 32
  33. 30
  34. 11
  35. 9
  36. 55
  37. 66
  38. 66
  39. 11
  40. 55

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