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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 211 · 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) 10 rupees (c) 20 rupees (d) 50 rupees
  2. 2.One painted pebble costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  4. 4.One bag of popcorn costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹38 to make and Nisha sells it for ₹57. What is the markup in percent?
  7. 7.One friendship band costs ₹59 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹10 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹24 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹28 to make and Meera sells it for ₹56. What is the markup in percent?
  12. 12.One jute bag costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  13. 13.One glass of chai costs ₹58 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹28 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹51 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  17. 17.One fruit cup costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹60 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹40 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹40 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  23. 23.One fruit cup costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹60 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹36 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹40 to make and Kabir sells it for ₹60. What is the markup in percent?
  28. 28.One glass of chai costs ₹32 to make and Lakshmi sells it for ₹40. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹16 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹15 to make and Riya sells it for ₹18. What is the markup in percent?
  33. 33.One glass of chai costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹40 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹30 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹12 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹18 to make and Diya sells it for ₹27. What is the markup in percent?
  39. 39.One handmade card costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹24 to make and Kabir sells it for ₹48. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 55
  3. cost + a markup
  4. 66
  5. 22
  6. 50
  7. 118
  8. 5
  9. 24
  10. 10
  11. 100
  12. 20
  13. 29
  14. 7
  15. 51
  16. what buyers will pay
  17. 2
  18. 11
  19. 12
  20. 20
  21. 50
  22. 25
  23. 22
  24. 66
  25. 72
  26. 66
  27. 50
  28. 25
  29. 8
  30. 33
  31. 36
  32. 20
  33. 4
  34. 8
  35. 6
  36. 11
  37. 3
  38. 50
  39. 48
  40. 100

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