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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 222 · 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 jute bag costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One bag of popcorn costs ₹18 to make and Kabir sells it for ₹27. What is the markup in percent?
  3. 3.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  4. 4.One bag of popcorn costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹50 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  7. 7.One potted plant costs ₹40 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One glass of chai costs ₹41 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹53 to make and Kavya sells it for ₹106. What is the markup in percent?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  11. 11.One cup of lemonade costs ₹15 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹37 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  15. 15.One glass of chai costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹20 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹55 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹22 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹38 to make and Diya sells it for ₹57. What is the markup in percent?
  20. 20.One jute bag costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹39 to make and Riya sells it for ₹78. What is the markup in percent?
  23. 23.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  24. 24.One glass of chai costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹35 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹36 to make and Meera sells it for ₹54. What is the markup in percent?
  27. 27.One paper bookmark costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  28. 28.One fruit cup costs ₹46 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹60 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹26 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  37. 37.One glass of chai costs ₹39 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹48 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 15
  2. 50
  3. cost + a markup
  4. 6
  5. 5
  6. what buyers will pay
  7. 10
  8. 82
  9. 100
  10. 10 rupees
  11. 3
  12. 37
  13. 1
  14. 10
  15. 15
  16. 20
  17. 11
  18. 33
  19. 50
  20. 25
  21. 66
  22. 100
  23. a loss
  24. 1
  25. 35
  26. 50
  27. 25
  28. 92
  29. 10
  30. 72
  31. 35
  32. 13
  33. 44
  34. 6
  35. 36
  36. 10
  37. 39
  38. 20
  39. 60
  40. 6

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