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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 320 · 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.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  2. 2.One fruit cup costs ₹49 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹49 to make and Lakshmi sells it for ₹98. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹29 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹15 to make and Rohan sells it for ₹18. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹28 to make and Nisha sells it for ₹35. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹52 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹60 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹33 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  11. 11.One handmade card costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  12. 12.One glass of chai costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  13. 13.One friendship band costs ₹20 to make and Ananya sells it for ₹30. What is the markup in percent?
  14. 14.One jute bag costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  15. 15.One cupcake costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  16. 16.One jute bag costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  17. 17.One clay diya costs ₹20 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹27 to make and Rohan sells it for ₹54. What is the markup in percent?
  19. 19.One handmade card costs ₹40 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹18 to make and Ananya sells it for ₹27. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹14 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹45 to make and Kavya sells it for ₹90. What is the markup in percent?
  25. 25.One fruit cup costs ₹55 to make and Kabir sells it for ₹110. What is the markup in percent?
  26. 26.One glass of chai costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  28. 28.One painted pebble costs ₹52 to make and Arjun sells it for ₹78. What is the markup in percent?
  29. 29.One glass of chai costs ₹36 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹34 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  32. 32.One cup of lemonade costs ₹36 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹56 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹24 to make and Zoya sells it for ₹30. What is the markup in percent?
  36. 36.One painted pebble costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  37. 37.One glass of chai costs ₹36 to make and Ananya sells it for ₹45. What is the markup in percent?
  38. 38.One potted plant costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹25 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹25 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 98
  3. 100
  4. 29
  5. 20
  6. 25
  7. 26
  8. 90
  9. 33
  10. cost + a markup
  11. 20
  12. 20
  13. 50
  14. 10
  15. 10
  16. 10
  17. 25
  18. 100
  19. 80
  20. 50
  21. 28
  22. 22
  23. 3
  24. 100
  25. 100
  26. 48
  27. 10
  28. 50
  29. 45
  30. 68
  31. 10 rupees
  32. 54
  33. 36
  34. 14
  35. 25
  36. 20
  37. 25
  38. 5
  39. 30
  40. 30

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