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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 495 · 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.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  2. 2.One glass of chai costs ₹53 to make and Diya sells it for ₹106. What is the markup in percent?
  3. 3.One friendship band costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹32 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹56 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹54 to make and Farhan sells it for ₹81. What is the markup in percent?
  7. 7.One handmade card costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  9. 9.One glass of chai costs ₹18 to make and Arjun sells it for ₹27. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹20 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹38 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹58 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹27 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹24 to make and Saanvi sells it for ₹48. What is the markup in percent?
  17. 17.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  18. 18.One bag of popcorn costs ₹24 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹45 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹15 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹56 to make and Ananya sells it for ₹70. What is the markup in percent?
  23. 23.One handmade card costs ₹10 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹52 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  27. 27.One paper bookmark costs ₹60 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  29. 29.One paper bookmark costs ₹50 to make and Vihaan sells it for ₹60. What is the markup in percent?
  30. 30.One painted pebble costs ₹18 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹30 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹15 to make and Vihaan sells it for ₹18. What is the markup in percent?
  34. 34.One glass of chai costs ₹56 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  36. 36.One jute bag costs ₹22 to make and Saanvi sells it for ₹33. What is the markup in percent?
  37. 37.One clay diya costs ₹45 to make and Diya sells it for ₹54. What is the markup in percent?
  38. 38.One glass of chai costs ₹12 to make and Saanvi sells it for ₹18. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  40. 40.One clay diya costs ₹20 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 100
  3. 20
  4. 40
  5. 28
  6. 50
  7. 55
  8. 10 rupees
  9. 50
  10. 11
  11. 30
  12. 57
  13. 10
  14. 87
  15. 27
  16. 100
  17. what buyers will pay
  18. 30
  19. 54
  20. 3
  21. 55
  22. 25
  23. 2
  24. 12
  25. 78
  26. a loss
  27. 120
  28. 20
  29. 20
  30. 27
  31. 15
  32. 2
  33. 20
  34. 14
  35. 10
  36. 50
  37. 20
  38. 50
  39. 10
  40. 5

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