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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 256 · 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 ₹22 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  3. 3.One clay diya costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  5. 5.One cupcake costs ₹40 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  7. 7.One bag of popcorn costs ₹44 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹38 to make and Ishaan sells it for ₹57. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹20 to make and Rohan sells it for ₹30. What is the markup in percent?
  10. 10.One cupcake costs ₹34 to make and Riya sells it for ₹51. What is the markup in percent?
  11. 11.One glass of chai costs ₹56 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹16 to make and Arjun sells it for ₹20. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  15. 15.One glass of chai costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  16. 16.One friendship band costs ₹52 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?
  18. 18.One glass of chai costs ₹35 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹58 to make and Nisha sells it for ₹87. What is the markup in percent?
  20. 20.One glass of chai costs ₹23 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹46 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹60 to make and Diya sells it for ₹75. What is the markup in percent?
  23. 23.One painted pebble costs ₹22 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹24 to make and Joseph sells it for ₹36. What is the markup in percent?
  25. 25.One friendship band costs ₹14 to make and Nisha sells it for ₹28. What is the markup in percent?
  26. 26.One jute bag costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹57 to make and Gurpreet sells it for ₹114. What is the markup in percent?
  28. 28.One cupcake costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹16 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹56 to make and Ishaan sells it for ₹70. What is the markup in percent?
  34. 34.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  35. 35.One jute bag costs ₹40 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹10 to make and Riya sells it for ₹12. What is the markup in percent?
  38. 38.One painted pebble costs ₹60 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  39. 39.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  40. 40.One painted pebble costs ₹52 to make and Ishaan sells it for ₹65. What is the markup in percent?

Answer key

  1. 33
  2. 10 rupees
  3. 55
  4. 10
  5. 8
  6. what buyers will pay
  7. 50
  8. 50
  9. 50
  10. 50
  11. 14
  12. 10
  13. 25
  14. 10
  15. 10
  16. 13
  17. 10
  18. 70
  19. 50
  20. 23
  21. 69
  22. 25
  23. 33
  24. 50
  25. 100
  26. 6
  27. 100
  28. 11
  29. 18
  30. 5
  31. 20
  32. 1
  33. 25
  34. cost + a markup
  35. 8
  36. 66
  37. 20
  38. 75
  39. a loss
  40. 25

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