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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 196 · 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) 50 rupees (d) 10 rupees
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  3. 3.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  4. 4.One glass of chai costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  7. 7.One friendship band costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  8. 8.One friendship band costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹25 to make and Riya sells it for ₹30. What is the markup in percent?
  11. 11.One painted pebble costs ₹25 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs ₹30 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹46 to make and Arjun sells it for ₹69. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹12 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  16. 16.One handmade card costs ₹57 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹44 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  18. 18.One glass of chai costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  19. 19.One glass of chai costs ₹12 to make and Rohan sells it for ₹15. What is the markup in percent?
  20. 20.One jute bag costs ₹36 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹24 to make and Aarav sells it for ₹48. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹60 to make and Riya sells it for ₹72. What is the markup in percent?
  23. 23.One glass of chai costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  24. 24.One cupcake costs ₹40 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  25. 25.One friendship band costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?
  26. 26.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  27. 27.One cupcake costs ₹34 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹18 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹15 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹47 to make and Dev sells it for ₹94. What is the markup in percent?
  31. 31.One handmade card costs ₹56 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  33. 33.One friendship band costs ₹55 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹53 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹20 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹52 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹45 to make and Saanvi sells it for ₹54. What is the markup in percent?
  40. 40.One jute bag costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?

Answer key

  1. 10 rupees
  2. cost + a markup
  3. what buyers will pay
  4. 22
  5. 2
  6. 10
  7. 25
  8. 72
  9. 18
  10. 20
  11. 5
  12. 60
  13. 50
  14. 24
  15. 10
  16. 57
  17. 25
  18. 10
  19. 25
  20. 54
  21. 100
  22. 20
  23. 10
  24. 50
  25. 10
  26. a loss
  27. 34
  28. 27
  29. 3
  30. 100
  31. 70
  32. 10
  33. 66
  34. 5
  35. 106
  36. 55
  37. 40
  38. 104
  39. 20
  40. 10

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