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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 354 · 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 ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  2. 2.One painted pebble costs ₹30 to make and Gurpreet sells it for ₹36. What is the markup in percent?
  3. 3.One fruit cup costs ₹24 to make and Gurpreet sells it for ₹36. What is the markup in percent?
  4. 4.One potted plant costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  8. 8.One friendship band costs ₹14 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹20 to make and Riya sells it for ₹40. What is the markup in percent?
  10. 10.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  11. 11.One cupcake costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹31 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹16 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹56 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹30 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹50 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  19. 19.One jute bag costs ₹10 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹45 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹18 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹45 to make and Ishaan sells it for ₹54. What is the markup in percent?
  23. 23.One glass of chai costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹45 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹32 to make and Nisha sells it for ₹40. What is the markup in percent?
  27. 27.One glass of chai costs ₹54 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹16 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹24 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹41 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹18 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹20 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹20 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹30 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  38. 38.One potted plant costs ₹55 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹18 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹60 to make and Farhan sells it for ₹72. What is the markup in percent?

Answer key

  1. 20
  2. 20
  3. 50
  4. 2
  5. 66
  6. a loss
  7. 10 rupees
  8. 21
  9. 100
  10. what buyers will pay
  11. 33
  12. 55
  13. 62
  14. 4
  15. 84
  16. 36
  17. 60
  18. cost + a markup
  19. 15
  20. 54
  21. 18
  22. 20
  23. 10
  24. 10
  25. 54
  26. 25
  27. 81
  28. 4
  29. 30
  30. 82
  31. 3
  32. 9
  33. 10
  34. 24
  35. 30
  36. 4
  37. 10
  38. 66
  39. 9
  40. 20

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