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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 248 · 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 ₹43 to make and Diya sells it for ₹86. What is the markup in percent?
  2. 2.One bag of popcorn costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹15 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  5. 5.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  6. 6.One cup of lemonade costs ₹52 to make and Zoya sells it for ₹104. What is the markup in percent?
  7. 7.One jute bag costs ₹45 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One painted pebble costs ₹47 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹60 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹45 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹60 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹40 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹30 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹10 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹30 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹56 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹24 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹28 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  25. 25.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  27. 27.One fruit cup costs ₹10 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  29. 29.One handmade card costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  30. 30.One handmade card costs ₹55 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹40 to make and Meera sells it for ₹48. What is the markup in percent?
  32. 32.One jute bag costs ₹38 to make and Nisha sells it for ₹57. What is the markup in percent?
  33. 33.One potted plant costs ₹24 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹52 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹44 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹16 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?

Answer key

  1. 100
  2. 30
  3. 30
  4. a loss
  5. cost + a markup
  6. 100
  7. 9
  8. 94
  9. 15
  10. 5
  11. 54
  12. 90
  13. 10
  14. 6
  15. 12
  16. 3
  17. 5
  18. 44
  19. 70
  20. 48
  21. 22
  22. 25
  23. 42
  24. 56
  25. what buyers will pay
  26. 10 rupees
  27. 5
  28. 25
  29. 10
  30. 55
  31. 20
  32. 50
  33. 12
  34. 13
  35. 10
  36. 66
  37. 22
  38. 55
  39. 8
  40. 10

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