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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 571 · 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 ₹46 to make and Farhan sells it for ₹69. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹59 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹50 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  8. 8.One friendship band costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  9. 9.One handmade card costs ₹33 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One friendship band costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹35 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  14. 14.One potted plant costs ₹37 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One fruit cup costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  19. 19.One glass of chai costs ₹20 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹27 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹48 to make and Dev sells it for ₹60. What is the markup in percent?
  22. 22.One paper bookmark costs ₹36 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹60 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  26. 26.One jute bag costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  28. 28.One potted plant costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹37 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹32 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹36 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹40 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  36. 36.One bag of popcorn costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹20 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹16 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹48 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹45 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 118
  3. 10
  4. 10
  5. 66
  6. 30
  7. cost + a markup
  8. 10
  9. 66
  10. 2
  11. 35
  12. 7
  13. what buyers will pay
  14. 74
  15. 4
  16. 11
  17. 10
  18. 10
  19. 5
  20. 54
  21. 25
  22. 72
  23. 1
  24. 12
  25. a loss
  26. 66
  27. 10
  28. 1
  29. 74
  30. 40
  31. 22
  32. 45
  33. 10
  34. 1
  35. 10 rupees
  36. 66
  37. 5
  38. 8
  39. 12
  40. 9

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