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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 404 · 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 clay diya costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  2. 2.One glass of chai costs ₹22 to make and Ishaan sells it for ₹44. What is the markup in percent?
  3. 3.One glass of chai costs ₹32 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  5. 5.One friendship band costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹60 to make and Arjun sells it for ₹66. What is the markup in percent?
  7. 7.One cupcake costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹16 to make and Nisha sells it for ₹32. 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.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  11. 11.One potted plant costs ₹37 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹60 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹54 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹48 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹52 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹31 to make and Lakshmi sells it for ₹62. What is the markup in percent?
  19. 19.One clay diya costs ₹52 to make and Dev sells it for ₹78. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹60 to make and Gurpreet sells it for ₹75. What is the markup in percent?
  21. 21.One jute bag costs ₹30 to make and Riya sells it for ₹36. What is the markup in percent?
  22. 22.One clay diya costs ₹16 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  25. 25.One cupcake costs ₹14 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹40 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹22 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹24 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹54 to make and Diya sells it for ₹81. What is the markup in percent?
  33. 33.One paper bookmark costs ₹15 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹16 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹30 to make and Zoya sells it for ₹45. What is the markup in percent?
  39. 39.One cupcake costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹40 to make and Farhan sells it for ₹60. What is the markup in percent?

Answer key

  1. 20
  2. 100
  3. 40
  4. 10 rupees
  5. 54
  6. 10
  7. 30
  8. 100
  9. a loss
  10. cost + a markup
  11. 37
  12. 72
  13. 27
  14. 12
  15. 26
  16. 55
  17. 11
  18. 100
  19. 50
  20. 25
  21. 20
  22. 32
  23. 3
  24. what buyers will pay
  25. 7
  26. 10
  27. 44
  28. 22
  29. 6
  30. 5
  31. 12
  32. 50
  33. 18
  34. 66
  35. 16
  36. 4
  37. 2
  38. 50
  39. 66
  40. 50

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