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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 201 · 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) 50 rupees (c) 10 rupees (d) 20 rupees
  2. 2.One potted plant costs ₹56 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹46 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  5. 5.One glass of chai costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹52 to make and Joseph sells it for ₹104. What is the markup in percent?
  7. 7.One friendship band costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹52 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹48 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One cupcake costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹30 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹56 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹46 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹36 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹34 to make and Ananya sells it for ₹68. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹24 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  22. 22.One cup of lemonade costs ₹23 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹60 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹56 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  26. 26.One friendship band costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹10 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹24 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹51 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹40 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹38 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹36 to make and Saanvi sells it for ₹54. What is the markup in percent?
  33. 33.One paper bookmark costs ₹52 to make and Meera sells it for ₹104. What is the markup in percent?
  34. 34.One clay diya costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹14 to make and Tara sells it for ₹21. What is the markup in percent?
  36. 36.One potted plant costs ₹36 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹50 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹40 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. 14
  3. 69
  4. cost + a markup
  5. 5
  6. 100
  7. 6
  8. 10
  9. 13
  10. 60
  11. 20
  12. 3
  13. 45
  14. 14
  15. 69
  16. 9
  17. 44
  18. 100
  19. 10
  20. 6
  21. what buyers will pay
  22. 23
  23. 75
  24. 70
  25. a loss
  26. 22
  27. 20
  28. 6
  29. 102
  30. 8
  31. 57
  32. 50
  33. 100
  34. 9
  35. 50
  36. 45
  37. 75
  38. 3
  39. 20
  40. 55

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