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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 42 · 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 glass of chai costs ₹12 to make and Zoya sells it for ₹18. What is the markup in percent?
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  3. 3.One potted plant costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  5. 5.One handmade card costs ₹20 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹18 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹32 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹55 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  12. 12.One friendship band costs ₹43 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One handmade card costs ₹40 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹28 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  18. 18.One cupcake costs ₹34 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹12 to make and Riya sells it for ₹15. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹26 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹54 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹60 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹48 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  26. 26.One cupcake costs ₹15 to make and Zoya sells it for ₹30. What is the markup in percent?
  27. 27.One painted pebble costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  30. 30.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  31. 31.One cup of lemonade costs ₹20 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹14 to make and Saanvi sells it for ₹28. What is the markup in percent?
  33. 33.One cupcake costs ₹42 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹40 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One clay diya costs ₹30 to make and Dev sells it for ₹36. What is the markup in percent?
  36. 36.One glass of chai costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  37. 37.One glass of chai costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹34 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹28 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. cost + a markup
  3. 2
  4. a loss
  5. 25
  6. 9
  7. 16
  8. 66
  9. 66
  10. 20
  11. 25
  12. 86
  13. 1
  14. 50
  15. 22
  16. 7
  17. 10
  18. 51
  19. 25
  20. 39
  21. 27
  22. 12
  23. 12
  24. 11
  25. 10
  26. 100
  27. 15
  28. 2
  29. 20
  30. what buyers will pay
  31. 10
  32. 100
  33. 21
  34. 10
  35. 20
  36. 10
  37. 10
  38. 10
  39. 51
  40. 7

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