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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 21 · 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 painted pebble costs ₹40 to make and Kabir sells it for ₹50. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹10 to make and Lakshmi sells it for ₹15. What is the markup in percent?
  3. 3.One handmade card costs ₹14 to make and Arjun sells it for ₹28. What is the markup in percent?
  4. 4.One glass of chai costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹12 to make and Joseph sells it for ₹18. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  7. 7.One painted pebble costs ₹45 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹56 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹23 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹27 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹30 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹50 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One painted pebble costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹25 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹48 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  17. 17.One paper bookmark costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹22 to make and Riya sells it for ₹33. What is the markup in percent?
  19. 19.One glass of chai costs ₹18 to make and Meera sells it for ₹27. What is the markup in percent?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  21. 21.One cupcake costs ₹10 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹60 to make and Farhan sells it for ₹72. What is the markup in percent?
  23. 23.One handmade card costs ₹40 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  27. 27.One clay diya costs ₹55 to make and Arjun sells it for ₹66. What is the markup in percent?
  28. 28.One painted pebble costs ₹54 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  30. 30.One glass of chai costs ₹55 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  32. 32.One cup of lemonade costs ₹48 to make and Kabir sells it for ₹60. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  34. 34.One paper bookmark costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?
  36. 36.One handmade card costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  38. 38.One fruit cup costs ₹10 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹39 to make and Saanvi sells it for ₹78. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹22 to make and Nisha sells it for ₹33. What is the markup in percent?

Answer key

  1. 25
  2. 50
  3. 100
  4. 22
  5. 50
  6. a loss
  7. 54
  8. 70
  9. 46
  10. 27
  11. 36
  12. 75
  13. 45
  14. 5
  15. 60
  16. 10
  17. 24
  18. 50
  19. 50
  20. 10 rupees
  21. 2
  22. 20
  23. 8
  24. 12
  25. 5
  26. 10
  27. 20
  28. 27
  29. 10
  30. 11
  31. cost + a markup
  32. 25
  33. 10
  34. 3
  35. 10
  36. 22
  37. 10
  38. 20
  39. 100
  40. 50

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