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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 558 · 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 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  2. 2.One painted pebble costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹33 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹40 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹30 to make and Ishaan sells it for ₹36. What is the markup in percent?
  6. 6.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  7. 7.One friendship band costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹60 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  10. 10.One painted pebble costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹20 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹56 to make and Tara sells it for ₹70. What is the markup in percent?
  13. 13.One paper bookmark costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹27 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹36 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹43 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  20. 20.One fruit cup costs ₹16 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹60 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹20 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹36 to make and Kabir sells it for ₹54. What is the markup in percent?
  25. 25.One glass of chai costs ₹40 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  27. 27.One glass of chai costs ₹10 to make and Kavya sells it for ₹20. What is the markup in percent?
  28. 28.One potted plant costs ₹24 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  29. 29.One cupcake costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  30. 30.One paper bookmark costs ₹58 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹60 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹39 to make and Meera sells it for ₹78. What is the markup in percent?
  33. 33.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  34. 34.One jute bag costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹12 to make and Riya sells it for ₹24. What is the markup in percent?
  37. 37.One cupcake costs ₹14 to make and Ananya sells it for ₹28. What is the markup in percent?
  38. 38.One friendship band costs ₹16 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹52 to make and Arjun sells it for ₹78. What is the markup in percent?
  40. 40.One cupcake costs ₹14 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. 6
  3. 66
  4. 60
  5. 20
  6. what buyers will pay
  7. 2
  8. 72
  9. cost + a markup
  10. 5
  11. 2
  12. 25
  13. 5
  14. 2
  15. 54
  16. 36
  17. 10
  18. 86
  19. 10
  20. 4
  21. 75
  22. 72
  23. 25
  24. 50
  25. 8
  26. 10
  27. 100
  28. 25
  29. 10
  30. 29
  31. 72
  32. 100
  33. a loss
  34. 4
  35. 5
  36. 100
  37. 100
  38. 20
  39. 50
  40. 21

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