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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 664 · 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 glass of chai costs ₹20 to make and Lakshmi sells it for ₹25. What is the markup in percent?
  2. 2.One paper bookmark costs ₹20 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹25 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹55 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹43 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One cupcake costs ₹45 to make and Gurpreet sells it for ₹90. What is the markup in percent?
  7. 7.One glass of chai costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹60 to make and Zoya sells it for ₹75. What is the markup in percent?
  9. 9.One clay diya costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹58 to make and Gurpreet sells it for ₹87. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹40 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹45 to make and Vihaan sells it for ₹54. What is the markup in percent?
  13. 13.One cupcake costs ₹15 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  15. 15.One handmade card costs ₹12 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  16. 16.One jute bag costs ₹27 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹40 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹16 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹55 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  20. 20.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  21. 21.One paper bookmark costs ₹16 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹11 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹28 to make and Diya sells it for ₹56. What is the markup in percent?
  24. 24.One glass of chai costs ₹25 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹36 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One potted plant costs ₹17 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹28 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  29. 29.One potted plant costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹44 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹35 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹16 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹44 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹12 to make and Meera sells it for ₹18. What is the markup in percent?
  37. 37.One friendship band costs ₹12 to make and Saanvi sells it for ₹18. What is the markup in percent?
  38. 38.One handmade card costs ₹60 to make and Aarav sells it for ₹75. What is the markup in percent?
  39. 39.One fruit cup costs ₹15 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹14 to make and Ishaan sells it for ₹21. What is the markup in percent?

Answer key

  1. 25
  2. 20
  3. 30
  4. 55
  5. 86
  6. 100
  7. 48
  8. 25
  9. 2
  10. 50
  11. 44
  12. 20
  13. 18
  14. 10 rupees
  15. 25
  16. 54
  17. 4
  18. 20
  19. 66
  20. a loss
  21. 4
  22. 22
  23. 100
  24. 30
  25. 54
  26. 34
  27. 7
  28. cost + a markup
  29. 18
  30. 55
  31. 7
  32. 20
  33. 3
  34. 55
  35. 20
  36. 50
  37. 50
  38. 25
  39. 18
  40. 50

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