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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 53 · 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.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  2. 2.One glass of chai costs ₹48 to make and Ananya sells it for ₹96. What is the markup in percent?
  3. 3.One glass of chai costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  7. 7.One clay diya costs ₹25 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹25 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹55 to make and Meera sells it for ₹66. What is the markup in percent?
  11. 11.One potted plant costs ₹12 to make and Arjun sells it for ₹15. What is the markup in percent?
  12. 12.One painted pebble costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  13. 13.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  14. 14.One painted pebble costs ₹60 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  15. 15.One clay diya costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  16. 16.One paper bookmark costs ₹54 to make and Saanvi sells it for ₹81. What is the markup in percent?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  18. 18.One paper bookmark costs ₹30 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹25 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹24 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹12 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  24. 24.One friendship band costs ₹25 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹44 to make and Aarav sells it for ₹55. What is the markup in percent?
  27. 27.One handmade card costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹40 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹30 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  31. 31.One painted pebble costs ₹40 to make and Zoya sells it for ₹50. What is the markup in percent?
  32. 32.One jute bag costs ₹50 to make and Nisha sells it for ₹60. What is the markup in percent?
  33. 33.One painted pebble costs ₹48 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹60 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  37. 37.One jute bag costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹40 to make and Ananya sells it for ₹48. What is the markup in percent?
  39. 39.One cupcake costs ₹30 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹12 to make and Rohan sells it for ₹15. What is the markup in percent?

Answer key

  1. a loss
  2. 100
  3. 30
  4. 2
  5. 66
  6. cost + a markup
  7. 30
  8. 30
  9. 30
  10. 20
  11. 25
  12. 55
  13. what buyers will pay
  14. 20
  15. 20
  16. 50
  17. 10 rupees
  18. 36
  19. 3
  20. 5
  21. 12
  22. 15
  23. 10
  24. 50
  25. 22
  26. 25
  27. 2
  28. 4
  29. 15
  30. 10
  31. 25
  32. 20
  33. 96
  34. 11
  35. 12
  36. 10
  37. 70
  38. 20
  39. 36
  40. 25

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