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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 745 · 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 ₹14 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs ₹30 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  4. 4.One cupcake costs ₹52 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  6. 6.One potted plant costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  7. 7.One glass of chai costs ₹42 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹44 to make and Meera sells it for ₹55. What is the markup in percent?
  10. 10.One glass of chai costs ₹36 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹44 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  13. 13.One fruit cup costs ₹10 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹60 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹25 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹55 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹32 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹58 to make and Ananya sells it for ₹116. What is the markup in percent?
  20. 20.One jute bag costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹21 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹44 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  24. 24.One cupcake costs ₹20 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹20 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  27. 27.One potted plant costs ₹30 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One jute bag costs ₹25 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹56 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹19 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹28 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹58 to make and Arjun sells it for ₹87. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹32 to make and Zoya sells it for ₹48. What is the markup in percent?
  38. 38.One jute bag costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  40. 40.One jute bag costs ₹42 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 7
  2. 6
  3. a loss
  4. 78
  5. 10
  6. 20
  7. 63
  8. 10
  9. 25
  10. 72
  11. 44
  12. what buyers will pay
  13. 20
  14. 5
  15. 75
  16. 30
  17. 11
  18. 48
  19. 100
  20. 6
  21. 21
  22. 66
  23. 50
  24. 24
  25. 4
  26. cost + a markup
  27. 3
  28. 25
  29. 112
  30. 38
  31. 35
  32. 3
  33. 6
  34. 40
  35. 66
  36. 50
  37. 50
  38. 11
  39. 10
  40. 21

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