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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 393 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  2. 2.One cupcake costs ₹32 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  4. 4.One cupcake costs ₹38 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹40 to make and Saanvi sells it for ₹48. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One bag of popcorn costs ₹20 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹50 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹28 to make and Gurpreet sells it for ₹35. What is the markup in percent?
  10. 10.One glass of chai costs ₹60 to make and Rohan sells it for ₹72. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  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 cup of lemonade costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  15. 15.One cup of lemonade costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹56 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹31 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  20. 20.One cupcake costs ₹36 to make and Ishaan sells it for ₹54. What is the markup in percent?
  21. 21.One clay diya costs ₹52 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹12 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹57 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹54 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹50 to make and Dev sells it for ₹60. What is the markup in percent?
  28. 28.One friendship band costs ₹36 to make and Diya sells it for ₹45. What is the markup in percent?
  29. 29.One jute bag costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹60 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹55 to make and Meera sells it for ₹66. What is the markup in percent?
  32. 32.One glass of chai costs ₹55 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹50 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹24 to make and Gurpreet sells it for ₹36. What is the markup in percent?
  35. 35.One jute bag costs ₹39 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹20 to make and Vihaan sells it for ₹30. What is the markup in percent?
  37. 37.One paper bookmark costs ₹40 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹27 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹43 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 8
  3. a loss
  4. 57
  5. 20
  6. 55
  7. 4
  8. 100
  9. 25
  10. 20
  11. 10
  12. cost + a markup
  13. 30
  14. what buyers will pay
  15. 55
  16. 33
  17. 14
  18. 62
  19. 20
  20. 50
  21. 65
  22. 3
  23. 10
  24. 22
  25. 57
  26. 108
  27. 20
  28. 25
  29. 5
  30. 75
  31. 20
  32. 11
  33. 60
  34. 50
  35. 39
  36. 50
  37. 40
  38. 54
  39. 15
  40. 43

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