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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 461 · 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 ₹56 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  2. 2.One fruit cup costs ₹25 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One bag of popcorn costs ₹15 to make and Zoya sells it for ₹18. What is the markup in percent?
  4. 4.One glass of chai costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  6. 6.One cupcake costs ₹23 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  8. 8.One paper bookmark costs ₹53 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹20 to make and Ishaan sells it for ₹25. What is the markup in percent?
  11. 11.One glass of chai costs ₹32 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹52 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  15. 15.One paper bookmark costs ₹40 to make and Meera sells it for ₹50. What is the markup in percent?
  16. 16.One paper bookmark costs ₹50 to make and Rohan sells it for ₹60. What is the markup in percent?
  17. 17.One potted plant costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹18 to make and Dev sells it for ₹27. What is the markup in percent?
  19. 19.One jute bag costs ₹30 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹22 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  23. 23.One fruit cup costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹38 to make and Tara sells it for ₹57. What is the markup in percent?
  26. 26.One clay diya costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹30 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹25 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹49 to make and Arjun sells it for ₹98. What is the markup in percent?
  31. 31.One fruit cup costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  32. 32.One friendship band costs ₹40 to make and Arjun sells it for ₹50. What is the markup in percent?
  33. 33.One potted plant costs ₹49 to make and Saanvi sells it for ₹98. What is the markup in percent?
  34. 34.One painted pebble costs ₹40 to make and Vihaan sells it for ₹60. What is the markup in percent?
  35. 35.One jute bag costs ₹12 to make and Rohan sells it for ₹18. What is the markup in percent?
  36. 36.One jute bag costs ₹42 to make and Zoya sells it for ₹63. What is the markup in percent?
  37. 37.One potted plant costs ₹40 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹45 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  40. 40.One cup of lemonade costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 84
  2. 5
  3. 20
  4. 3
  5. cost + a markup
  6. 46
  7. a loss
  8. 106
  9. 66
  10. 25
  11. 64
  12. 65
  13. 4
  14. what buyers will pay
  15. 25
  16. 20
  17. 75
  18. 50
  19. 15
  20. 33
  21. 2
  22. 20
  23. 33
  24. 10
  25. 50
  26. 6
  27. 24
  28. 36
  29. 5
  30. 100
  31. 10
  32. 25
  33. 100
  34. 50
  35. 50
  36. 50
  37. 60
  38. 9
  39. 10 rupees
  40. 35

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