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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 590 · 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 potted plant costs ₹51 to make and Riya sells it for ₹102. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹40 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  4. 4.One cup of lemonade costs ₹22 to make and Aarav sells it for ₹33. What is the markup in percent?
  5. 5.One clay diya costs ₹60 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  7. 7.One potted plant costs ₹28 to make and Diya sells it for ₹42. What is the markup in percent?
  8. 8.One potted plant costs ₹32 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One fruit cup costs ₹49 to make and Arjun sells it for ₹98. What is the markup in percent?
  10. 10.One clay diya costs ₹35 to make and Aarav sells it for ₹42. What is the markup in percent?
  11. 11.One paper bookmark costs ₹22 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹34 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹50 to make and Tara sells it for ₹60. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹12 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹10 to make and Tara sells it for ₹12. What is the markup in percent?
  16. 16.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  17. 17.One cup of lemonade costs ₹52 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹30 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  21. 21.One painted pebble costs ₹32 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹60 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹14 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹48 to make and Joseph sells it for ₹72. What is the markup in percent?
  28. 28.One painted pebble costs ₹22 to make and Farhan sells it for ₹44. What is the markup in percent?
  29. 29.One glass of chai costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹25 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹60 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹47 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹48 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹16 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹60 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹10 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  40. 40.One jute bag costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?

Answer key

  1. 100
  2. 20
  3. a loss
  4. 50
  5. 72
  6. what buyers will pay
  7. 50
  8. 48
  9. 100
  10. 20
  11. 33
  12. 51
  13. 20
  14. 15
  15. 20
  16. cost + a markup
  17. 78
  18. 36
  19. 33
  20. 10 rupees
  21. 16
  22. 11
  23. 20
  24. 120
  25. 7
  26. 44
  27. 50
  28. 100
  29. 33
  30. 66
  31. 25
  32. 11
  33. 75
  34. 47
  35. 72
  36. 20
  37. 75
  38. 12
  39. 20
  40. 10

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