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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 17 · 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 glass of chai costs ₹56 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹10 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹44 to make and Diya sells it for ₹55. What is the markup in percent?
  4. 4.One potted plant costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  5. 5.One handmade card costs ₹44 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  8. 8.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  9. 9.One glass of chai costs ₹60 to make and Dev sells it for ₹75. What is the markup in percent?
  10. 10.One painted pebble costs ₹26 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  12. 12.One glass of chai costs ₹40 to make and Kabir sells it for ₹50. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹42 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹12 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One bag of popcorn costs ₹10 to make and Lakshmi sells it for ₹12. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹44 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹12 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹53 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹32 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹52 to make and Aarav sells it for ₹65. What is the markup in percent?
  24. 24.One paper bookmark costs ₹55 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹26 to make and Diya sells it for ₹39. What is the markup in percent?
  26. 26.One friendship band costs ₹24 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹30 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹45 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹36 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹20 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  32. 32.One handmade card costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹28 to make and Kabir sells it for ₹56. What is the markup in percent?
  34. 34.One cupcake costs ₹38 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹26 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  37. 37.One glass of chai costs ₹21 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹40 to make and Ishaan sells it for ₹60. What is the markup in percent?
  40. 40.One clay diya costs ₹40 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 14
  2. 20
  3. 25
  4. 10
  5. 22
  6. cost + a markup
  7. 10 rupees
  8. what buyers will pay
  9. 25
  10. 39
  11. a loss
  12. 25
  13. 84
  14. 6
  15. 55
  16. 36
  17. 20
  18. 55
  19. 6
  20. 53
  21. 2
  22. 8
  23. 25
  24. 66
  25. 50
  26. 6
  27. 60
  28. 9
  29. 54
  30. 5
  31. 20
  32. 1
  33. 100
  34. 57
  35. 39
  36. 10
  37. 21
  38. 72
  39. 50
  40. 44

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