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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 266 · 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 Joseph sells it for ₹24. What is the markup in percent?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  3. 3.One jute bag costs ₹24 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹42 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  7. 7.One potted plant costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  9. 9.One glass of chai costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  11. 11.One cup of lemonade costs ₹14 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹56 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹24 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹40 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹20 to make and Meera sells it for ₹25. What is the markup in percent?
  18. 18.One painted pebble costs ₹52 to make and Kabir sells it for ₹78. What is the markup in percent?
  19. 19.One cupcake costs ₹24 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹16 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One painted pebble costs ₹40 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹40 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹35 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹30 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹47 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹60 to make and Kavya sells it for ₹75. What is the markup in percent?
  28. 28.One cupcake costs ₹15 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹30 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹11 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹40 to make and Vihaan sells it for ₹50. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹40 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹32 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹16 to make and Tara sells it for ₹20. What is the markup in percent?
  40. 40.One glass of chai costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?

Answer key

  1. 20
  2. what buyers will pay
  3. 30
  4. 66
  5. 63
  6. a loss
  7. 6
  8. cost + a markup
  9. 33
  10. 10 rupees
  11. 7
  12. 14
  13. 4
  14. 25
  15. 12
  16. 40
  17. 25
  18. 50
  19. 36
  20. 24
  21. 10
  22. 10
  23. 50
  24. 7
  25. 36
  26. 47
  27. 25
  28. 15
  29. 45
  30. 22
  31. 6
  32. 42
  33. 35
  34. 25
  35. 4
  36. 55
  37. 10
  38. 32
  39. 25
  40. 25

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