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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 700 · 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) 20 rupees (c) 10 rupees (d) 5 rupees
  2. 2.One friendship band costs ₹42 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹40 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  6. 6.One potted plant costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹50 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  9. 9.One cupcake costs ₹40 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹49 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹10 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹22 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One potted plant costs ₹45 to make and Tara sells it for ₹54. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  17. 17.One glass of chai costs ₹20 to make and Riya sells it for ₹25. What is the markup in percent?
  18. 18.One potted plant costs ₹56 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  22. 22.One jute bag costs ₹48 to make and Kavya sells it for ₹96. What is the markup in percent?
  23. 23.One glass of chai costs ₹20 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹50 to make and Ananya sells it for ₹60. What is the markup in percent?
  25. 25.One jute bag costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  26. 26.One fruit cup costs ₹36 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹36 to make and Joseph sells it for ₹72. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹58 to make and Aarav sells it for ₹87. What is the markup in percent?
  29. 29.One cupcake costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹10 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹26 to make and Zoya sells it for ₹52. What is the markup in percent?
  32. 32.One cupcake costs ₹40 to make and Joseph sells it for ₹60. What is the markup in percent?
  33. 33.One cupcake costs ₹54 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹20 to make and Gurpreet sells it for ₹25. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹40 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹27 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹24 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹46 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹56 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 63
  3. 48
  4. a loss
  5. cost + a markup
  6. 22
  7. 50
  8. what buyers will pay
  9. 40
  10. 44
  11. 98
  12. 12
  13. 22
  14. 11
  15. 20
  16. 10
  17. 25
  18. 70
  19. 18
  20. 42
  21. 10
  22. 100
  23. 2
  24. 20
  25. 10
  26. 54
  27. 100
  28. 50
  29. 11
  30. 15
  31. 100
  32. 50
  33. 54
  34. 25
  35. 8
  36. 27
  37. 6
  38. 23
  39. 14
  40. 3

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