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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 382 · 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 friendship band costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹60 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One fruit cup costs ₹29 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹20 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹50 to make and Kavya sells it for ₹60. What is the markup in percent?
  6. 6.One friendship band costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One cup of lemonade costs ₹18 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹25 to make and Nisha sells it for ₹30. What is the markup in percent?
  9. 9.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  10. 10.One friendship band costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  12. 12.One cup of lemonade costs ₹19 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹32 to make and Tara sells it for ₹64. What is the markup in percent?
  14. 14.One cupcake costs ₹15 to make and Arjun sells it for ₹18. What is the markup in percent?
  15. 15.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  16. 16.One cup of lemonade costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  17. 17.One jute bag costs ₹36 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹49 to make and Dev sells it for ₹98. What is the markup in percent?
  20. 20.One glass of chai costs ₹58 to make and Nisha sells it for ₹116. What is the markup in percent?
  21. 21.One handmade card costs ₹30 to make and Meera sells it for ₹36. What is the markup in percent?
  22. 22.One fruit cup costs ₹40 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹45 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹37 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹23 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹55 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  28. 28.One cupcake costs ₹44 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹50 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹20 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  35. 35.One potted plant costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹40 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹60 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹40 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹44 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 35
  2. 75
  3. 58
  4. 4
  5. 20
  6. 1
  7. 36
  8. 20
  9. a loss
  10. 10
  11. 10 rupees
  12. 19
  13. 100
  14. 20
  15. cost + a markup
  16. 10
  17. 36
  18. 22
  19. 100
  20. 100
  21. 20
  22. 8
  23. 54
  24. 37
  25. 23
  26. 11
  27. what buyers will pay
  28. 22
  29. 60
  30. 30
  31. 24
  32. 55
  33. 55
  34. 10
  35. 11
  36. 55
  37. 50
  38. 12
  39. 60
  40. 55

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