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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 721 · 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 cup of lemonade costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One jute bag costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹12 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹50 to make and Dev sells it for ₹100. What is the markup in percent?
  5. 5.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  6. 6.One cupcake costs ₹26 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹34 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹24 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹38 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  11. 11.One handmade card costs ₹28 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹60 to make and Gurpreet sells it for ₹90. What is the markup in percent?
  13. 13.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  14. 14.One bag of popcorn costs ₹30 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹14 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹40 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹36 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  21. 21.One paper bookmark costs ₹49 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹32 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹36 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹33 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  31. 31.One clay diya costs ₹14 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  35. 35.One friendship band costs ₹16 to make and Nisha sells it for ₹20. What is the markup in percent?
  36. 36.One fruit cup costs ₹22 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  39. 39.One friendship band costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹36 to make and Zoya sells it for ₹54. What is the markup in percent?

Answer key

  1. 30
  2. 6
  3. 15
  4. 100
  5. what buyers will pay
  6. 39
  7. 68
  8. 12
  9. 57
  10. 20
  11. 7
  12. 50
  13. a loss
  14. 6
  15. 36
  16. 3
  17. 21
  18. 8
  19. 54
  20. 10 rupees
  21. 98
  22. 20
  23. 1
  24. 48
  25. 18
  26. 33
  27. 9
  28. 33
  29. 7
  30. 20
  31. 7
  32. 18
  33. 2
  34. cost + a markup
  35. 25
  36. 33
  37. 5
  38. 10
  39. 4
  40. 50

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