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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 253 · 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 cup of lemonade costs ₹37 to make and Riya sells it for ₹74. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹18 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹35 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹12 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹48 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹24 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹32 to make and Zoya sells it for ₹48. What is the markup in percent?
  8. 8.One paper bookmark costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  9. 9.One paper bookmark costs ₹48 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  11. 11.One clay diya costs ₹41 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹46 to make and Gurpreet sells it for ₹69. What is the markup in percent?
  13. 13.One handmade card costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹42 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹40 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  18. 18.One jute bag costs ₹50 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  20. 20.One fruit cup costs ₹50 to make and Aarav sells it for ₹100. What is the markup in percent?
  21. 21.One friendship band costs ₹40 to make and Nisha sells it for ₹60. What is the markup in percent?
  22. 22.One glass of chai costs ₹36 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹12 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹37 to make and Joseph sells it for ₹74. What is the markup in percent?
  25. 25.One fruit cup costs ₹24 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹36 to make and Nisha sells it for ₹45. What is the markup in percent?
  28. 28.One fruit cup costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹59 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹16 to make and Tara sells it for ₹20. What is the markup in percent?
  33. 33.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  34. 34.One bag of popcorn costs ₹54 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹35 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹56 to make and Dev sells it for ₹70. What is the markup in percent?
  38. 38.One painted pebble costs ₹40 to make and Arjun sells it for ₹48. What is the markup in percent?
  39. 39.One jute bag costs ₹35 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  40. 40.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees

Answer key

  1. 100
  2. 9
  3. 7
  4. 15
  5. 72
  6. 12
  7. 50
  8. 10
  9. 60
  10. cost + a markup
  11. 41
  12. 50
  13. 30
  14. 63
  15. 1
  16. 10
  17. a loss
  18. 25
  19. 10
  20. 100
  21. 50
  22. 36
  23. 12
  24. 100
  25. 6
  26. 18
  27. 25
  28. 70
  29. 22
  30. 6
  31. 118
  32. 25
  33. what buyers will pay
  34. 54
  35. 25
  36. 7
  37. 25
  38. 20
  39. 20
  40. 10 rupees

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