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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 456 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  3. 3.One paper bookmark costs ₹44 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹14 to make and Kabir sells it for ₹28. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  6. 6.One glass of chai costs ₹29 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹23 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹22 to make and Diya sells it for ₹33. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹36 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹37 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹50 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  17. 17.One handmade card costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹22 to make and Joseph sells it for ₹33. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹56 to make and Aarav sells it for ₹70. What is the markup in percent?
  21. 21.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  22. 22.One friendship band costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹45 to make and Saanvi sells it for ₹54. What is the markup in percent?
  24. 24.One paper bookmark costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹26 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹47 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹60 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹42 to make and Riya sells it for ₹63. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹58 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹30 to make and Aarav sells it for ₹36. What is the markup in percent?
  40. 40.One friendship band costs ₹50 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. cost + a markup
  3. 88
  4. 100
  5. 10
  6. 29
  7. 23
  8. 50
  9. 11
  10. 9
  11. 3
  12. 37
  13. 10
  14. 45
  15. 4
  16. a loss
  17. 55
  18. 55
  19. 50
  20. 25
  21. what buyers will pay
  22. 10
  23. 20
  24. 3
  25. 1
  26. 2
  27. 44
  28. 2
  29. 66
  30. 13
  31. 94
  32. 4
  33. 55
  34. 60
  35. 50
  36. 1
  37. 3
  38. 58
  39. 20
  40. 50

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