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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 585 · 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 jute bag costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One bag of popcorn costs ₹58 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹32 to make and Lakshmi sells it for ₹40. What is the markup in percent?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  5. 5.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  6. 6.One clay diya costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹12 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One handmade card costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹25 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹40 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹25 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹35 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹21 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  16. 16.One clay diya costs ₹52 to make and Lakshmi sells it for ₹104. What is the markup in percent?
  17. 17.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  18. 18.One painted pebble costs ₹46 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹56 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹28 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹45 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹18 to make and Rohan sells it for ₹27. What is the markup in percent?
  25. 25.One paper bookmark costs ₹30 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹56 to make and Joseph sells it for ₹84. What is the markup in percent?
  27. 27.One potted plant costs ₹45 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹35 to make and Riya sells it for ₹42. What is the markup in percent?
  29. 29.One painted pebble costs ₹60 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹40 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹14 to make and Lakshmi sells it for ₹21. What is the markup in percent?
  32. 32.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  33. 33.One handmade card costs ₹14 to make and Vihaan sells it for ₹21. What is the markup in percent?
  34. 34.One painted pebble costs ₹30 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹34 to make and Rohan sells it for ₹51. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹32 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  38. 38.One paper bookmark costs ₹34 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹20 to make and Nisha sells it for ₹25. What is the markup in percent?
  40. 40.One painted pebble costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 5
  2. 87
  3. 25
  4. 10 rupees
  5. cost + a markup
  6. 11
  7. 24
  8. 24
  9. 55
  10. 5
  11. 44
  12. 30
  13. 42
  14. 21
  15. 10
  16. 100
  17. what buyers will pay
  18. 69
  19. 14
  20. 5
  21. 14
  22. 54
  23. 24
  24. 50
  25. 45
  26. 50
  27. 9
  28. 20
  29. 30
  30. 8
  31. 50
  32. a loss
  33. 50
  34. 45
  35. 50
  36. 64
  37. 10
  38. 34
  39. 25
  40. 48

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