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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 272 · 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 ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  2. 2.One fruit cup costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  3. 3.One jute bag costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  4. 4.One clay diya costs ₹32 to make and Ishaan sells it for ₹64. What is the markup in percent?
  5. 5.One potted plant costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  7. 7.One jute bag costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹40 to make and Saanvi sells it for ₹48. What is the markup in percent?
  10. 10.One fruit cup costs ₹32 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹40 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  13. 13.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  14. 14.One glass of chai costs ₹45 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹20 to make and Ishaan sells it for ₹24. What is the markup in percent?
  16. 16.One glass of chai costs ₹32 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  18. 18.One cupcake costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  20. 20.One handmade card costs ₹30 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹35 to make and Tara sells it for ₹42. What is the markup in percent?
  22. 22.One cupcake costs ₹45 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹35 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  26. 26.One painted pebble costs ₹40 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹56 to make and Meera sells it for ₹70. What is the markup in percent?
  28. 28.One glass of chai costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹21 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹36 to make and Ishaan sells it for ₹45. What is the markup in percent?
  32. 32.One potted plant costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹10 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  34. 34.One friendship band costs ₹20 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹25 to make and Arjun sells it for ₹30. What is the markup in percent?
  36. 36.One paper bookmark costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹54 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹48 to make and Diya sells it for ₹72. What is the markup in percent?
  39. 39.One friendship band costs ₹10 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 20
  3. 25
  4. 100
  5. 18
  6. what buyers will pay
  7. 6
  8. 11
  9. 20
  10. 8
  11. 8
  12. 10
  13. cost + a markup
  14. 54
  15. 20
  16. 48
  17. a loss
  18. 12
  19. 10 rupees
  20. 30
  21. 20
  22. 45
  23. 42
  24. 60
  25. 10
  26. 10
  27. 25
  28. 10
  29. 10
  30. 42
  31. 25
  32. 54
  33. 50
  34. 5
  35. 20
  36. 6
  37. 81
  38. 50
  39. 5
  40. 3

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