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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 531 · 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 cup of lemonade costs ₹32 to make and Farhan sells it for ₹40. What is the markup in percent?
  2. 2.One potted plant costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹27 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹36 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹25 to make and Saanvi sells it for ₹50. What is the markup in percent?
  6. 6.One painted pebble costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹20 to make and Rohan sells it for ₹40. What is the markup in percent?
  9. 9.One friendship band costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  11. 11.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  13. 13.One paper bookmark costs ₹22 to make and Tara sells it for ₹33. What is the markup in percent?
  14. 14.One potted plant costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  18. 18.One paper bookmark costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹20 to make and Kavya sells it for ₹25. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹60 to make and Lakshmi sells it for ₹75. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹48 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹28 to make and Arjun sells it for ₹42. What is the markup in percent?
  23. 23.One potted plant costs ₹22 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹40 to make and Lakshmi sells it for ₹50. What is the markup in percent?
  25. 25.One potted plant costs ₹31 to make and Saanvi sells it for ₹62. What is the markup in percent?
  26. 26.One paper bookmark costs ₹44 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹17 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹19 to make and Aarav sells it for ₹38. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹45 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  32. 32.One cupcake costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  33. 33.One fruit cup costs ₹32 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹12 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹42 to make and Zoya sells it for ₹63. What is the markup in percent?
  36. 36.One painted pebble costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  37. 37.One fruit cup costs ₹40 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹40 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹52 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹47 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 25
  2. 66
  3. 27
  4. 9
  5. 100
  6. 22
  7. 55
  8. 100
  9. 3
  10. what buyers will pay
  11. cost + a markup
  12. 10 rupees
  13. 50
  14. 3
  15. 22
  16. 66
  17. 10
  18. 10
  19. 25
  20. 25
  21. 24
  22. 50
  23. 11
  24. 25
  25. 100
  26. 88
  27. 34
  28. 100
  29. 10
  30. 54
  31. a loss
  32. 10
  33. 16
  34. 15
  35. 50
  36. 10
  37. 8
  38. 48
  39. 65
  40. 94

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