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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 255 · 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 cupcake costs ₹55 to make and Aarav sells it for ₹66. What is the markup in percent?
  2. 2.One bag of popcorn costs ₹60 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹26 to make and Tara sells it for ₹52. What is the markup in percent?
  4. 4.One glass of chai costs ₹46 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One cupcake costs ₹25 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  8. 8.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  9. 9.One painted pebble costs ₹60 to make and Kavya sells it for ₹75. What is the markup in percent?
  10. 10.One jute bag costs ₹55 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  12. 12.One glass of chai costs ₹15 to make and Arjun sells it for ₹30. What is the markup in percent?
  13. 13.One clay diya costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  15. 15.One fruit cup costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  16. 16.One fruit cup costs ₹28 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  22. 22.One friendship band costs ₹31 to make and Arjun sells it for ₹62. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹10 to make and Farhan sells it for ₹12. What is the markup in percent?
  24. 24.One potted plant costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  27. 27.One cupcake costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹48 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹11 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹45 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹10 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹28 to make and Nisha sells it for ₹42. What is the markup in percent?
  35. 35.One fruit cup costs ₹29 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹36 to make and Meera sells it for ₹45. What is the markup in percent?
  37. 37.One paper bookmark costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹36 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹52 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 15
  3. 100
  4. 23
  5. 1
  6. 5
  7. 10 rupees
  8. a loss
  9. 25
  10. 66
  11. cost + a markup
  12. 100
  13. 10
  14. what buyers will pay
  15. 20
  16. 14
  17. 25
  18. 3
  19. 12
  20. 22
  21. 20
  22. 100
  23. 20
  24. 10
  25. 5
  26. 10
  27. 4
  28. 22
  29. 60
  30. 22
  31. 35
  32. 54
  33. 12
  34. 50
  35. 58
  36. 25
  37. 4
  38. 18
  39. 13
  40. 36

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