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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 431 · 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 cupcake costs ₹20 to make and Dev sells it for ₹24. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  3. 3.One painted pebble costs ₹28 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  5. 5.One glass of chai costs ₹36 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs ₹24 to make and Saanvi sells it for ₹30. What is the markup in percent?
  8. 8.One handmade card costs ₹32 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹56 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹20 to make and Dev sells it for ₹30. What is the markup in percent?
  11. 11.One handmade card costs ₹56 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹20 to make and Aarav sells it for ₹30. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹56 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  15. 15.One painted pebble costs ₹50 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  17. 17.One friendship band costs ₹16 to make and Farhan sells it for ₹32. What is the markup in percent?
  18. 18.One potted plant costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  19. 19.One clay diya costs ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
  20. 20.One potted plant costs ₹36 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make and Nisha sells it for ₹75. What is the markup in percent?
  22. 22.One glass of chai costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  23. 23.One cupcake costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  25. 25.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  26. 26.One paper bookmark costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  27. 27.One clay diya costs ₹52 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹60 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹10 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹60 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹26 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹40 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹15 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹52 to make and Saanvi sells it for ₹78. What is the markup in percent?
  38. 38.One cupcake costs ₹25 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹12 to make and Dev sells it for ₹15. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹16 to make and Saanvi sells it for ₹24. What is the markup in percent?

Answer key

  1. 20
  2. a loss
  3. 14
  4. 10 rupees
  5. 45
  6. 6
  7. 25
  8. 8
  9. 14
  10. 50
  11. 28
  12. 50
  13. 84
  14. what buyers will pay
  15. 60
  16. 20
  17. 100
  18. 10
  19. 10
  20. 54
  21. 25
  22. 10
  23. 22
  24. 20
  25. cost + a markup
  26. 10
  27. 78
  28. 44
  29. 66
  30. 15
  31. 12
  32. 11
  33. 66
  34. 26
  35. 10
  36. 15
  37. 50
  38. 50
  39. 25
  40. 50

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