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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 503 · 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 ₹50 to make and Dev sells it for ₹60. What is the markup in percent?
  2. 2.One painted pebble costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹44 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  6. 6.One fruit cup costs ₹35 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs ₹26 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹16 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹16 to make and Diya sells it for ₹20. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹22 to make and Kavya sells it for ₹44. What is the markup in percent?
  12. 12.One glass of chai costs ₹30 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹14 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹48 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  16. 16.One jute bag costs ₹43 to make and Riya sells it for ₹86. What is the markup in percent?
  17. 17.One painted pebble costs ₹52 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  19. 19.One clay diya costs ₹20 to make and Ananya sells it for ₹40. What is the markup in percent?
  20. 20.One cupcake costs ₹25 to make and Vihaan sells it for ₹30. What is the markup in percent?
  21. 21.One painted pebble costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹15 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹20 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹23 to make and Aarav sells it for ₹46. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹12 to make and Saanvi sells it for ₹24. What is the markup in percent?
  28. 28.One painted pebble costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  29. 29.One handmade card costs ₹56 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  31. 31.One glass of chai costs ₹50 to make and Diya sells it for ₹75. What is the markup in percent?
  32. 32.One friendship band costs ₹23 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  34. 34.One bag of popcorn costs ₹36 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One clay diya costs ₹52 to make and Ananya sells it for ₹65. What is the markup in percent?
  36. 36.One painted pebble costs ₹24 to make and Nisha sells it for ₹36. What is the markup in percent?
  37. 37.One paper bookmark costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹52 to make and Vihaan sells it for ₹78. What is the markup in percent?

Answer key

  1. 20
  2. 10
  3. 10
  4. 22
  5. cost + a markup
  6. 7
  7. 4
  8. 39
  9. 8
  10. 25
  11. 100
  12. 60
  13. 21
  14. 48
  15. 10 rupees
  16. 100
  17. 78
  18. a loss
  19. 100
  20. 20
  21. 4
  22. 22
  23. 18
  24. 25
  25. 100
  26. 60
  27. 100
  28. 10
  29. 70
  30. 10
  31. 50
  32. 23
  33. what buyers will pay
  34. 9
  35. 25
  36. 50
  37. 33
  38. 1
  39. 42
  40. 50

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