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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 224 · 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 bag of popcorn costs ₹10 to make and Lakshmi sells it for ₹20. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  3. 3.One glass of chai costs ₹40 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹55 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One cup of lemonade costs ₹35 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹22 to make and Meera sells it for ₹44. What is the markup in percent?
  8. 8.One potted plant costs ₹28 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹42 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹58 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  13. 13.One jute bag costs ₹26 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  15. 15.One glass of chai costs ₹26 to make and Tara sells it for ₹52. What is the markup in percent?
  16. 16.One fruit cup costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹46 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹30 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  21. 21.One glass of chai costs ₹30 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹20 to make and Farhan sells it for ₹30. What is the markup in percent?
  23. 23.One paper bookmark costs ₹16 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹56 to make and Nisha sells it for ₹70. What is the markup in percent?
  25. 25.One potted plant costs ₹16 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  27. 27.One handmade card costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹32 to make and Dev sells it for ₹48. What is the markup in percent?
  29. 29.One potted plant costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  30. 30.One fruit cup costs ₹58 to make and Farhan sells it for ₹87. What is the markup in percent?
  31. 31.One paper bookmark costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹30 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹34 to make and Kabir sells it for ₹51. What is the markup in percent?
  34. 34.One paper bookmark costs ₹10 to make and Diya sells it for ₹15. What is the markup in percent?
  35. 35.One friendship band costs ₹52 to make and Kabir sells it for ₹65. What is the markup in percent?
  36. 36.One painted pebble costs ₹16 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  38. 38.One cupcake costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 100
  2. a loss
  3. 20
  4. 66
  5. 4
  6. 42
  7. 100
  8. 7
  9. 42
  10. 66
  11. 87
  12. cost + a markup
  13. 39
  14. 10
  15. 100
  16. 2
  17. 6
  18. 23
  19. 36
  20. 10 rupees
  21. 15
  22. 50
  23. 20
  24. 25
  25. 8
  26. what buyers will pay
  27. 30
  28. 50
  29. 10
  30. 50
  31. 10
  32. 3
  33. 50
  34. 50
  35. 25
  36. 32
  37. 20
  38. 55
  39. 5
  40. 30

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