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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 318 · 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 fruit cup costs ₹50 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  4. 4.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  5. 5.One cup of lemonade costs ₹50 to make and Dev sells it for ₹100. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹60 to make and Meera sells it for ₹90. What is the markup in percent?
  7. 7.One paper bookmark costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  9. 9.One bag of popcorn costs ₹30 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹15 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹53 to make and Kavya sells it for ₹106. What is the markup in percent?
  12. 12.One potted plant costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  13. 13.One paper bookmark costs ₹10 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹54 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹60 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  17. 17.One glass of chai costs ₹26 to make and Meera sells it for ₹52. What is the markup in percent?
  18. 18.One glass of chai costs ₹42 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹50 to make and Vihaan sells it for ₹75. What is the markup in percent?
  20. 20.One friendship band costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹52 to make and Farhan sells it for ₹65. What is the markup in percent?
  23. 23.One painted pebble costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  24. 24.One friendship band costs ₹14 to make and Joseph sells it for ₹21. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹32 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹50 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹16 to make and Riya sells it for ₹20. What is the markup in percent?
  30. 30.One clay diya costs ₹40 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹26 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹34 to make and Nisha sells it for ₹68. What is the markup in percent?
  33. 33.One painted pebble costs ₹41 to make and Diya sells it for ₹82. What is the markup in percent?
  34. 34.One fruit cup costs ₹28 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One cupcake costs ₹10 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹10 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹60 to make and Tara sells it for ₹72. What is the markup in percent?
  40. 40.One potted plant costs ₹42 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 60
  2. 11
  3. 20
  4. a loss
  5. 100
  6. 50
  7. 5
  8. what buyers will pay
  9. 36
  10. 18
  11. 100
  12. 10
  13. 20
  14. 81
  15. 75
  16. cost + a markup
  17. 100
  18. 63
  19. 50
  20. 22
  21. 120
  22. 25
  23. 20
  24. 50
  25. 8
  26. 11
  27. 12
  28. 25
  29. 25
  30. 80
  31. 13
  32. 100
  33. 100
  34. 7
  35. 20
  36. 6
  37. 11
  38. 5
  39. 20
  40. 21

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