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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 296 · 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 ₹52 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  3. 3.One glass of chai costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹49 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹40 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹11 to make and Dev sells it for ₹22. What is the markup in percent?
  8. 8.One jute bag costs ₹20 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  10. 10.One friendship band costs ₹20 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹56 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One painted pebble costs ₹48 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹24 to make and Meera sells it for ₹36. What is the markup in percent?
  17. 17.One handmade card costs ₹59 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  20. 20.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  21. 21.One cupcake costs ₹48 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹56 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹10 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹45 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹58 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹60 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹12 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹42 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  33. 33.One friendship band costs ₹60 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹30 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹40 to make and Riya sells it for ₹48. What is the markup in percent?
  38. 38.One friendship band costs ₹56 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  39. 39.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  40. 40.One paper bookmark costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 26
  2. a loss
  3. 55
  4. 98
  5. 48
  6. 11
  7. 100
  8. 40
  9. cost + a markup
  10. 5
  11. 22
  12. 84
  13. 96
  14. 11
  15. 30
  16. 50
  17. 118
  18. 55
  19. 12
  20. what buyers will pay
  21. 60
  22. 14
  23. 2
  24. 5
  25. 3
  26. 54
  27. 87
  28. 15
  29. 72
  30. 6
  31. 63
  32. 10
  33. 15
  34. 30
  35. 22
  36. 2
  37. 20
  38. 70
  39. 10 rupees
  40. 44

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