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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 516 · 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 glass of chai costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One fruit cup costs ₹50 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹34 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹60 to make and Nisha sells it for ₹72. What is the markup in percent?
  5. 5.One friendship band costs ₹52 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹30 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹18 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹20 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  12. 12.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  13. 13.One friendship band costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One fruit cup costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹24 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹40 to make and Meera sells it for ₹60. What is the markup in percent?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  18. 18.One potted plant costs ₹22 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹47 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹56 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹40 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹16 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹36 to make and Diya sells it for ₹45. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹22 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  27. 27.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  28. 28.One handmade card costs ₹20 to make and Vihaan sells it for ₹25. What is the markup in percent?
  29. 29.One friendship band costs ₹20 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹10 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  32. 32.One glass of chai costs ₹20 to make and Diya sells it for ₹24. What is the markup in percent?
  33. 33.One cupcake costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  34. 34.One cupcake costs ₹12 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹23 to make and Joseph sells it for ₹46. What is the markup in percent?
  37. 37.One friendship band costs ₹55 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?
  39. 39.One potted plant costs ₹41 to make and Riya sells it for ₹82. What is the markup in percent?
  40. 40.One potted plant costs ₹12 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 40
  2. 10
  3. 17
  4. 20
  5. 13
  6. 6
  7. 9
  8. 55
  9. 5
  10. 40
  11. cost + a markup
  12. a loss
  13. 11
  14. 3
  15. 30
  16. 50
  17. 10 rupees
  18. 33
  19. 5
  20. 18
  21. 47
  22. 70
  23. 60
  24. 4
  25. 25
  26. 44
  27. what buyers will pay
  28. 25
  29. 25
  30. 15
  31. 10
  32. 20
  33. 10
  34. 6
  35. 44
  36. 100
  37. 66
  38. 25
  39. 100
  40. 6

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