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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 605 · 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) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  2. 2.One cup of lemonade costs ₹46 to make and Vihaan sells it for ₹92. What is the markup in percent?
  3. 3.One glass of chai costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  4. 4.One jute bag costs ₹59 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹60 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹21 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One bag of popcorn costs ₹32 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  10. 10.One glass of chai costs ₹52 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹24 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹18 to make and Farhan sells it for ₹36. What is the markup in percent?
  13. 13.One potted plant costs ₹38 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  15. 15.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  16. 16.One cupcake costs ₹32 to make and Farhan sells it for ₹48. What is the markup in percent?
  17. 17.One clay diya costs ₹48 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  19. 19.One potted plant costs ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹54 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  22. 22.One jute bag costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹55 to make and Arjun sells it for ₹66. What is the markup in percent?
  24. 24.One glass of chai costs ₹21 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹48 to make and Aarav sells it for ₹60. What is the markup in percent?
  26. 26.One glass of chai costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  27. 27.One glass of chai costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹56 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹18 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹38 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹60 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹58 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹24 to make and Riya sells it for ₹48. What is the markup in percent?
  36. 36.One friendship band costs ₹50 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹15 to make and Rohan sells it for ₹18. What is the markup in percent?
  38. 38.One cupcake costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹11 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 100
  3. 20
  4. 118
  5. 66
  6. 21
  7. 48
  8. 1
  9. a loss
  10. 78
  11. 12
  12. 100
  13. 57
  14. 10
  15. cost + a markup
  16. 50
  17. 72
  18. 10
  19. 18
  20. 81
  21. what buyers will pay
  22. 10
  23. 20
  24. 42
  25. 25
  26. 20
  27. 18
  28. 24
  29. 14
  30. 36
  31. 19
  32. 44
  33. 90
  34. 116
  35. 100
  36. 75
  37. 20
  38. 6
  39. 22
  40. 3

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