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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 722 · 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 ₹36 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹45 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹55 to make and Lakshmi sells it for ₹110. What is the markup in percent?
  4. 4.One handmade card costs ₹44 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  6. 6.One cupcake costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  7. 7.One painted pebble costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹36 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹55 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹16 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  12. 12.One cupcake costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  13. 13.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  14. 14.One jute bag costs ₹41 to make and Kavya sells it for ₹82. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  16. 16.One handmade card costs ₹30 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹40 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹24 to make and Nisha sells it for ₹36. What is the markup in percent?
  21. 21.One handmade card costs ₹56 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹24 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹52 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹49 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹24 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  27. 27.One glass of chai costs ₹25 to make and Arjun sells it for ₹30. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹54 to make and Gurpreet sells it for ₹81. What is the markup in percent?
  30. 30.One fruit cup costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹60 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹10 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹48 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹24 to make and Tara sells it for ₹36. What is the markup in percent?

Answer key

  1. 18
  2. 54
  3. 100
  4. 55
  5. cost + a markup
  6. 20
  7. 1
  8. 9
  9. 55
  10. 4
  11. what buyers will pay
  12. 10
  13. a loss
  14. 100
  15. 20
  16. 36
  17. 22
  18. 80
  19. 44
  20. 50
  21. 112
  22. 30
  23. 26
  24. 98
  25. 24
  26. 10 rupees
  27. 20
  28. 66
  29. 50
  30. 8
  31. 2
  32. 10
  33. 60
  34. 22
  35. 2
  36. 20
  37. 44
  38. 12
  39. 6
  40. 50

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