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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 356 · 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. Meera adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One fruit cup costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  4. 4.One glass of chai costs ₹60 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹30 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹48 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  8. 8.One jute bag costs ₹10 to make and Riya sells it for ₹12. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹12 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  11. 11.One glass of chai costs ₹16 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  13. 13.One handmade card costs ₹24 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹36 to make and Arjun sells it for ₹45. What is the markup in percent?
  15. 15.One paper bookmark costs ₹14 to make and Diya sells it for ₹28. What is the markup in percent?
  16. 16.One handmade card costs ₹30 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹56 to make and Gurpreet sells it for ₹70. What is the markup in percent?
  18. 18.One handmade card costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  19. 19.One clay diya costs ₹28 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹40 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹50 to make and Kabir sells it for ₹60. What is the markup in percent?
  23. 23.One cupcake costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  25. 25.One clay diya costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  26. 26.One fruit cup costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  27. 27.One jute bag costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹12 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹25 to make and Aarav sells it for ₹30. What is the markup in percent?
  32. 32.One potted plant costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs ₹52 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹43 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹57 to make and Ishaan sells it for ₹114. What is the markup in percent?
  37. 37.One potted plant costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  39. 39.One glass of chai costs ₹25 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 11
  2. 20
  3. 10 rupees
  4. 90
  5. 6
  6. 12
  7. a loss
  8. 20
  9. 15
  10. cost + a markup
  11. 20
  12. 10
  13. 6
  14. 25
  15. 100
  16. 6
  17. 25
  18. 10
  19. 14
  20. 30
  21. 60
  22. 20
  23. 5
  24. what buyers will pay
  25. 10
  26. 20
  27. 55
  28. 40
  29. 15
  30. 24
  31. 20
  32. 2
  33. 65
  34. 33
  35. 86
  36. 100
  37. 11
  38. 10
  39. 30
  40. 18

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