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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 718 · 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 bag of popcorn costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs ₹20 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹18 to make and Farhan sells it for ₹36. What is the markup in percent?
  4. 4.One friendship band costs ₹34 to make and Aarav sells it for ₹51. What is the markup in percent?
  5. 5.One glass of chai costs ₹47 to make and Arjun sells it for ₹94. What is the markup in percent?
  6. 6.One glass of chai costs ₹11 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One cup of lemonade costs ₹20 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹30 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹40 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  11. 11.One cup of lemonade costs ₹12 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹26 to make and Kabir sells it for ₹39. What is the markup in percent?
  13. 13.One jute bag costs ₹12 to make and Riya sells it for ₹24. What is the markup in percent?
  14. 14.One glass of chai costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  15. 15.One glass of chai costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹32 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹32 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹12 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹20 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  23. 23.One fruit cup costs ₹13 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  26. 26.One painted pebble costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹48 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹45 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  33. 33.One painted pebble costs ₹52 to make and Diya sells it for ₹65. What is the markup in percent?
  34. 34.One jute bag costs ₹47 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹56 to make and Ishaan sells it for ₹84. What is the markup in percent?
  37. 37.One friendship band costs ₹32 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹56 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹16 to make and Saanvi sells it for ₹20. What is the markup in percent?
  40. 40.One clay diya costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?

Answer key

  1. 5
  2. 24
  3. 100
  4. 50
  5. 100
  6. 11
  7. 40
  8. 6
  9. 8
  10. cost + a markup
  11. 3
  12. 50
  13. 100
  14. 10
  15. 8
  16. 8
  17. 32
  18. 24
  19. 44
  20. 25
  21. 22
  22. 10
  23. 13
  24. a loss
  25. 10 rupees
  26. 33
  27. 44
  28. 2
  29. 60
  30. 54
  31. 18
  32. 10
  33. 25
  34. 94
  35. 3
  36. 50
  37. 40
  38. 14
  39. 25
  40. 50

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