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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 232 · 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 glass of chai costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹30 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  4. 4.One glass of chai costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  6. 6.One paper bookmark costs ₹10 to make and Vihaan sells it for ₹15. What is the markup in percent?
  7. 7.One jute bag costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹48 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  10. 10.One handmade card costs ₹25 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹40 to make and Meera sells it for ₹60. What is the markup in percent?
  12. 12.One fruit cup costs ₹15 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One clay diya costs ₹28 to make and Rohan sells it for ₹35. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹50 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹20 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One potted plant costs ₹40 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹18 to make and Riya sells it for ₹36. What is the markup in percent?
  18. 18.One friendship band costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹55 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  23. 23.One paper bookmark costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One bag of popcorn costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹22 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹36 to make and Arjun sells it for ₹45. What is the markup in percent?
  28. 28.One paper bookmark costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹16 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹10 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  35. 35.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  36. 36.One cup of lemonade costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹12 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹16 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹40 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 4
  2. 45
  3. 10 rupees
  4. 11
  5. cost + a markup
  6. 50
  7. 11
  8. 12
  9. what buyers will pay
  10. 30
  11. 50
  12. 18
  13. 25
  14. 75
  15. 10
  16. 60
  17. 100
  18. 33
  19. 1
  20. 110
  21. 22
  22. 10
  23. 48
  24. 22
  25. 11
  26. 12
  27. 25
  28. 4
  29. 4
  30. 20
  31. 55
  32. 6
  33. 15
  34. 66
  35. a loss
  36. 7
  37. 3
  38. 4
  39. 60
  40. 6

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