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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 698 · 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) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  2. 2.One glass of chai costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹12 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹32 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  7. 7.One glass of chai costs ₹45 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One cupcake costs ₹15 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs ₹32 to make and Rohan sells it for ₹40. What is the markup in percent?
  10. 10.One jute bag costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹16 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹42 to make and Gurpreet sells it for ₹84. What is the markup in percent?
  13. 13.One friendship band costs ₹45 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  16. 16.One cup of lemonade costs ₹37 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹48 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹16 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹50 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹36 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹56 to make and Meera sells it for ₹84. What is the markup in percent?
  22. 22.One glass of chai costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹12 to make and Aarav sells it for ₹15. What is the markup in percent?
  24. 24.One potted plant costs ₹24 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  26. 26.One handmade card costs ₹20 to make and Riya sells it for ₹30. What is the markup in percent?
  27. 27.One jute bag costs ₹16 to make and Meera sells it for ₹20. What is the markup in percent?
  28. 28.One glass of chai costs ₹48 to make and Zoya sells it for ₹60. What is the markup in percent?
  29. 29.One friendship band costs ₹16 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹12 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹24 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹12 to make and Saanvi sells it for ₹24. What is the markup in percent?
  34. 34.One fruit cup costs ₹34 to make and Ananya sells it for ₹68. What is the markup in percent?
  35. 35.One paper bookmark costs ₹20 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  39. 39.One paper bookmark costs ₹10 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 6
  3. 15
  4. 66
  5. 40
  6. what buyers will pay
  7. 90
  8. 3
  9. 25
  10. 10
  11. 24
  12. 100
  13. 54
  14. 66
  15. cost + a markup
  16. 37
  17. 24
  18. 24
  19. 60
  20. 45
  21. 50
  22. 2
  23. 25
  24. 6
  25. 20
  26. 50
  27. 25
  28. 25
  29. 8
  30. 6
  31. 3
  32. 36
  33. 100
  34. 100
  35. 5
  36. 66
  37. 3
  38. 10
  39. 1
  40. 20

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