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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 4 · 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 ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  2. 2.One clay diya costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹38 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹44 to make and Rohan sells it for ₹55. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹30 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  7. 7.One clay diya costs ₹19 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹28 to make and Tara sells it for ₹35. What is the markup in percent?
  9. 9.One fruit cup costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  11. 11.One potted plant costs ₹21 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹16 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One potted plant costs ₹60 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  16. 16.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  17. 17.One cup of lemonade costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹18 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹16 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹10 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹16 to make and Meera sells it for ₹20. What is the markup in percent?
  22. 22.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  23. 23.One friendship band costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹28 to make and Joseph sells it for ₹35. What is the markup in percent?
  26. 26.One friendship band costs ₹52 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One friendship band costs ₹55 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  29. 29.One potted plant costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  31. 31.One bag of popcorn costs ₹44 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹25 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹29 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹52 to make and Meera sells it for ₹65. What is the markup in percent?
  35. 35.One friendship band costs ₹20 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹25 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹60 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 6
  3. 57
  4. 25
  5. 15
  6. 10
  7. 38
  8. 25
  9. 1
  10. 10 rupees
  11. 21
  12. 8
  13. 44
  14. 66
  15. 10
  16. a loss
  17. 10
  18. 27
  19. 20
  20. 12
  21. 25
  22. cost + a markup
  23. 55
  24. 20
  25. 25
  26. 13
  27. 11
  28. 10
  29. 3
  30. what buyers will pay
  31. 11
  32. 5
  33. 58
  34. 25
  35. 5
  36. 5
  37. 30
  38. 6
  39. 44
  40. 75

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