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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 242 · 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 ₹20 to make and Aarav sells it for ₹22. 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 paper bookmark costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One cupcake costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹40 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹28 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹33 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹26 to make and Riya sells it for ₹39. What is the markup in percent?
  9. 9.One glass of chai costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  11. 11.One handmade card costs ₹30 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹16 to make and Saanvi sells it for ₹24. What is the markup in percent?
  13. 13.One fruit cup costs ₹14 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  14. 14.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  15. 15.One painted pebble costs ₹28 to make and Joseph sells it for ₹35. What is the markup in percent?
  16. 16.One paper bookmark costs ₹52 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹48 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹45 to make and Arjun sells it for ₹54. What is the markup in percent?
  19. 19.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  20. 20.One cupcake costs ₹43 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One painted pebble costs ₹49 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹25 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹42 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹28 to make and Tara sells it for ₹42. What is the markup in percent?
  26. 26.One glass of chai costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹24 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹24 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹20 to make and Dev sells it for ₹40. What is the markup in percent?
  30. 30.One clay diya costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  31. 31.One friendship band costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹44 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹40 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  35. 35.One glass of chai costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹30 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹44 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  38. 38.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  39. 39.One handmade card costs ₹14 to make and Dev sells it for ₹21. What is the markup in percent?
  40. 40.One glass of chai costs ₹56 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. a loss
  3. 18
  4. 36
  5. 10
  6. 7
  7. 33
  8. 50
  9. 28
  10. 10
  11. 6
  12. 50
  13. 21
  14. cost + a markup
  15. 25
  16. 13
  17. 60
  18. 20
  19. what buyers will pay
  20. 86
  21. 98
  22. 25
  23. 21
  24. 1
  25. 50
  26. 11
  27. 6
  28. 48
  29. 100
  30. 10
  31. 33
  32. 55
  33. 10
  34. 10
  35. 20
  36. 15
  37. 55
  38. 10 rupees
  39. 50
  40. 14

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