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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 529 · 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 cupcake costs ₹15 to make and Riya sells it for ₹18. What is the markup in percent?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  3. 3.One cupcake costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹17 to make and Diya sells it for ₹34. What is the markup in percent?
  6. 6.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  7. 7.One painted pebble costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  8. 8.One glass of chai costs ₹16 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹15 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  11. 11.One cup of lemonade costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  12. 12.One jute bag costs ₹30 to make and Ananya sells it for ₹45. What is the markup in percent?
  13. 13.One glass of chai costs ₹55 to make and Zoya sells it for ₹66. What is the markup in percent?
  14. 14.One handmade card costs ₹30 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹24 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One potted plant costs ₹60 to make and Ananya sells it for ₹90. What is the markup in percent?
  17. 17.One fruit cup costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹17 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  20. 20.One handmade card costs ₹49 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹60 to make and Gurpreet sells it for ₹120. What is the markup in percent?
  22. 22.One fruit cup costs ₹42 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  24. 24.One paper bookmark costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  25. 25.One friendship band costs ₹35 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹20 to make and Aarav sells it for ₹40. What is the markup in percent?
  27. 27.One friendship band costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹15 to make and Saanvi sells it for ₹18. What is the markup in percent?
  29. 29.One handmade card costs ₹18 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹52 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  33. 33.One handmade card costs ₹38 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹57 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹28 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹25 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹50 to make and Saanvi sells it for ₹75. What is the markup in percent?
  38. 38.One potted plant costs ₹35 to make and Tara sells it for ₹42. What is the markup in percent?
  39. 39.One cupcake costs ₹16 to make and Tara sells it for ₹24. What is the markup in percent?
  40. 40.One handmade card costs ₹15 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 10 rupees
  3. 24
  4. 3
  5. 100
  6. cost + a markup
  7. 10
  8. 32
  9. 18
  10. a loss
  11. 10
  12. 50
  13. 20
  14. 3
  15. 6
  16. 50
  17. 1
  18. 34
  19. what buyers will pay
  20. 98
  21. 100
  22. 63
  23. 10
  24. 10
  25. 70
  26. 100
  27. 15
  28. 20
  29. 36
  30. 18
  31. 13
  32. 10
  33. 57
  34. 57
  35. 7
  36. 5
  37. 50
  38. 20
  39. 50
  40. 18

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