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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 367 · 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 cup of lemonade costs ₹13 to make and Nisha sells it for ₹26. What is the markup in percent?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  3. 3.One cup of lemonade costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹20 to make and Nisha sells it for ₹30. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  6. 6.One clay diya costs ₹60 to make and Vihaan sells it for ₹72. What is the markup in percent?
  7. 7.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  8. 8.One potted plant costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹22 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹26 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  13. 13.One fruit cup costs ₹28 to make and Rohan sells it for ₹35. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹42 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹35 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹54 to make and Rohan sells it for ₹81. What is the markup in percent?
  18. 18.One fruit cup costs ₹39 to make and Rohan sells it for ₹78. What is the markup in percent?
  19. 19.One clay diya costs ₹50 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹60 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹55 to make and Dev sells it for ₹66. What is the markup in percent?
  22. 22.One handmade card costs ₹29 to make and Joseph sells it for ₹58. What is the markup in percent?
  23. 23.One potted plant costs ₹40 to make and Arjun sells it for ₹48. What is the markup in percent?
  24. 24.One handmade card costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  26. 26.One jute bag costs ₹20 to make and Zoya sells it for ₹25. What is the markup in percent?
  27. 27.One glass of chai costs ₹58 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹47 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹15 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
  33. 33.One potted plant costs ₹45 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹32 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹60 to make and Ishaan sells it for ₹90. What is the markup in percent?
  36. 36.One cupcake costs ₹50 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  38. 38.One glass of chai costs ₹24 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 100
  2. 10 rupees
  3. 20
  4. 50
  5. 10
  6. 20
  7. a loss
  8. 11
  9. 22
  10. 44
  11. 13
  12. cost + a markup
  13. 25
  14. 21
  15. 7
  16. 3
  17. 50
  18. 100
  19. 5
  20. 75
  21. 20
  22. 100
  23. 20
  24. 3
  25. 20
  26. 25
  27. 87
  28. 4
  29. 94
  30. 18
  31. 66
  32. 10
  33. 9
  34. 16
  35. 50
  36. 50
  37. 25
  38. 30
  39. 3
  40. 55

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