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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 59 · 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 paper bookmark costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One cup of lemonade costs ₹60 to make and Rohan sells it for ₹75. What is the markup in percent?
  3. 3.One paper bookmark costs ₹13 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹50 to make and Riya sells it for ₹60. What is the markup in percent?
  5. 5.One potted plant costs ₹51 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹60 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  10. 10.One glass of chai costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  12. 12.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  13. 13.One bag of popcorn costs ₹60 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹20 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹35 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹32 to make and Rohan sells it for ₹40. What is the markup in percent?
  19. 19.One clay diya costs ₹11 to make and Nisha sells it for ₹22. What is the markup in percent?
  20. 20.One paper bookmark costs ₹50 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  22. 22.One glass of chai costs ₹13 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹20 to make and Diya sells it for ₹30. What is the markup in percent?
  26. 26.One friendship band costs ₹40 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹32 to make and Arjun sells it for ₹40. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹19 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹41 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  31. 31.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  32. 32.One friendship band costs ₹40 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹40 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹36 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹10 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹30 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹12 to make and Riya sells it for ₹15. What is the markup in percent?
  40. 40.One cupcake costs ₹10 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 5
  2. 25
  3. 26
  4. 20
  5. 51
  6. 90
  7. 25
  8. 10
  9. 10 rupees
  10. 33
  11. cost + a markup
  12. what buyers will pay
  13. 30
  14. 4
  15. 30
  16. 12
  17. 35
  18. 25
  19. 100
  20. 60
  21. 10
  22. 26
  23. 2
  24. 11
  25. 50
  26. 50
  27. 25
  28. 19
  29. 3
  30. 82
  31. a loss
  32. 50
  33. 8
  34. 72
  35. 44
  36. 45
  37. 10
  38. 45
  39. 25
  40. 5

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