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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 434 · 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 paper bookmark costs ₹44 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs ₹22 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  6. 6.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  7. 7.One paper bookmark costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  9. 9.One cup of lemonade costs ₹40 to make and Ananya sells it for ₹50. What is the markup in percent?
  10. 10.One clay diya costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?
  11. 11.One cupcake costs ₹39 to make and Kabir sells it for ₹78. What is the markup in percent?
  12. 12.One cupcake costs ₹18 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One bag of popcorn costs ₹56 to make and Lakshmi sells it for ₹70. What is the markup in percent?
  14. 14.One handmade card costs ₹16 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹15 to make and Ishaan sells it for ₹18. What is the markup in percent?
  16. 16.One friendship band costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹33 to make and Vihaan sells it for ₹66. What is the markup in percent?
  18. 18.One jute bag costs ₹49 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹55 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹56 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  24. 24.One cup of lemonade costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹10 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹12 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One clay diya costs ₹37 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹16 to make and Rohan sells it for ₹24. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹10 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹13 to make and Gurpreet sells it for ₹26. What is the markup in percent?
  34. 34.One handmade card costs ₹32 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹32 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹40 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹15 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹12 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 11
  2. 5
  3. 12
  4. 33
  5. cost + a markup
  6. what buyers will pay
  7. 2
  8. a loss
  9. 25
  10. 20
  11. 100
  12. 9
  13. 25
  14. 8
  15. 20
  16. 33
  17. 100
  18. 49
  19. 48
  20. 110
  21. 1
  22. 28
  23. 10 rupees
  24. 44
  25. 15
  26. 3
  27. 37
  28. 5
  29. 50
  30. 30
  31. 1
  32. 15
  33. 100
  34. 40
  35. 16
  36. 50
  37. 18
  38. 18
  39. 20
  40. 22

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