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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 331 · 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 ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹32 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  4. 4.One glass of chai costs ₹23 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  8. 8.One fruit cup costs ₹58 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹10 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  11. 11.One cup of lemonade costs ₹32 to make and Arjun sells it for ₹40. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹22 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹12 to make and Nisha sells it for ₹18. What is the markup in percent?
  14. 14.One clay diya costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  15. 15.One jute bag costs ₹42 to make and Dev sells it for ₹63. What is the markup in percent?
  16. 16.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  17. 17.One paper bookmark costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  18. 18.One handmade card costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  19. 19.One jute bag costs ₹44 to make and Arjun sells it for ₹66. What is the markup in percent?
  20. 20.One clay diya costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹54 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹46 to make and Riya sells it for ₹69. What is the markup in percent?
  24. 24.One potted plant costs ₹22 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  28. 28.One glass of chai costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹31 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹16 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹14 to make and Gurpreet sells it for ₹21. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹25 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹42 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹56 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  39. 39.One clay diya costs ₹16 to make and Dev sells it for ₹20. What is the markup in percent?
  40. 40.One paper bookmark costs ₹37 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 11
  2. 64
  3. cost + a markup
  4. 23
  5. 44
  6. 55
  7. 10 rupees
  8. 29
  9. 1
  10. a loss
  11. 25
  12. 33
  13. 50
  14. 10
  15. 50
  16. what buyers will pay
  17. 10
  18. 10
  19. 50
  20. 25
  21. 81
  22. 48
  23. 50
  24. 33
  25. 1
  26. 33
  27. 10
  28. 66
  29. 62
  30. 20
  31. 20
  32. 50
  33. 5
  34. 21
  35. 4
  36. 30
  37. 56
  38. 25
  39. 25
  40. 74

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