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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 228 · 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) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  2. 2.One bag of popcorn costs ₹42 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  4. 4.One clay diya costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  5. 5.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  6. 6.One cup of lemonade costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  8. 8.One cupcake costs ₹14 to make and Farhan sells it for ₹21. What is the markup in percent?
  9. 9.One potted plant costs ₹44 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹12 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹21 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹53 to make and Tara sells it for ₹106. What is the markup in percent?
  13. 13.One jute bag costs ₹35 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  14. 14.One fruit cup costs ₹25 to make and Nisha sells it for ₹50. What is the markup in percent?
  15. 15.One handmade card costs ₹22 to make and Ishaan sells it for ₹44. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹10 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹26 to make and Gurpreet sells it for ₹39. What is the markup in percent?
  19. 19.One fruit cup costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹51 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹60 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹10 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹40 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹60 to make and Arjun sells it for ₹66. What is the markup in percent?
  28. 28.One painted pebble costs ₹60 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹28 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹59 to make and Nisha sells it for ₹118. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹15 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹43 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹28 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹20 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹28 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹25 to make and Kavya sells it for ₹30. What is the markup in percent?
  38. 38.One potted plant costs ₹18 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹14 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹26 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 21
  3. a loss
  4. 20
  5. cost + a markup
  6. 44
  7. what buyers will pay
  8. 50
  9. 11
  10. 18
  11. 42
  12. 100
  13. 20
  14. 100
  15. 100
  16. 6
  17. 15
  18. 50
  19. 22
  20. 102
  21. 4
  22. 24
  23. 120
  24. 5
  25. 3
  26. 80
  27. 10
  28. 75
  29. 42
  30. 100
  31. 18
  32. 86
  33. 35
  34. 66
  35. 25
  36. 35
  37. 20
  38. 27
  39. 7
  40. 13

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