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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 290 · 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 ₹20 to make and Tara sells it for ₹30. What is the markup in percent?
  2. 2.One glass of chai costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹35 to make and Ishaan sells it for ₹42. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹34 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  6. 6.One painted pebble costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  7. 7.One handmade card costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹41 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹12 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  11. 11.One potted plant costs ₹55 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹48 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹44 to make and Ananya sells it for ₹66. What is the markup in percent?
  14. 14.One glass of chai costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹60 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹54 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹17 to make and Kavya sells it for ₹34. What is the markup in percent?
  19. 19.One jute bag costs ₹36 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹25 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  22. 22.One clay diya costs ₹46 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹28 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹50 to make and Tara sells it for ₹60. What is the markup in percent?
  27. 27.One friendship band costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  29. 29.One potted plant costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  30. 30.One jute bag costs ₹35 to make and Diya sells it for ₹70. What is the markup in percent?
  31. 31.One clay diya costs ₹17 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹30 to make and Aarav sells it for ₹36. What is the markup in percent?
  33. 33.One fruit cup costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  34. 34.One cupcake costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  37. 37.One clay diya costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹15 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹15 to make and Joseph sells it for ₹18. What is the markup in percent?

Answer key

  1. 50
  2. 30
  3. 20
  4. 68
  5. cost + a markup
  6. 10
  7. 44
  8. 82
  9. 3
  10. what buyers will pay
  11. 55
  12. 12
  13. 50
  14. 5
  15. 72
  16. 36
  17. 54
  18. 100
  19. 18
  20. 30
  21. 10 rupees
  22. 23
  23. 2
  24. 7
  25. 24
  26. 20
  27. 55
  28. a loss
  29. 20
  30. 100
  31. 34
  32. 20
  33. 10
  34. 6
  35. 4
  36. 10
  37. 1
  38. 10
  39. 3
  40. 20

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