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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 546 · 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 handmade card costs ₹52 to make and Zoya sells it for ₹78. What is the markup in percent?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  3. 3.One fruit cup costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  6. 6.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  7. 7.One cup of lemonade costs ₹55 to make and Zoya sells it for ₹110. What is the markup in percent?
  8. 8.One cupcake costs ₹42 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  10. 10.One paper bookmark costs ₹44 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹60 to make and Arjun sells it for ₹90. What is the markup in percent?
  12. 12.One glass of chai costs ₹32 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹19 to make and Farhan sells it for ₹38. What is the markup in percent?
  14. 14.One clay diya costs ₹14 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹10 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹44 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹16 to make and Kabir sells it for ₹24. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹15 to make and Dev sells it for ₹18. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹40 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹60 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹48 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹32 to make and Kabir sells it for ₹40. What is the markup in percent?
  26. 26.One clay diya costs ₹20 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  28. 28.One painted pebble costs ₹45 to make and Farhan sells it for ₹54. What is the markup in percent?
  29. 29.One handmade card costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹33 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹50 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹12 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  33. 33.One friendship band costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹10 to make and Lakshmi sells it for ₹15. What is the markup in percent?
  35. 35.One glass of chai costs ₹54 to make and Kavya sells it for ₹108. What is the markup in percent?
  36. 36.One glass of chai costs ₹55 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹14 to make and Tara sells it for ₹21. What is the markup in percent?
  38. 38.One friendship band costs ₹30 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  40. 40.One glass of chai costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 50
  2. what buyers will pay
  3. 4
  4. 44
  5. cost + a markup
  6. a loss
  7. 100
  8. 42
  9. 10
  10. 11
  11. 50
  12. 40
  13. 100
  14. 21
  15. 10
  16. 4
  17. 22
  18. 22
  19. 50
  20. 20
  21. 20
  22. 5
  23. 120
  24. 96
  25. 25
  26. 30
  27. 10
  28. 20
  29. 42
  30. 33
  31. 50
  32. 100
  33. 4
  34. 50
  35. 100
  36. 55
  37. 50
  38. 15
  39. 10
  40. 66

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