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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 777 · 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) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  2. 2.One painted pebble costs ₹12 to make and Kavya sells it for ₹15. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹24 to make and Rohan sells it for ₹30. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹30 to make and Kavya sells it for ₹45. What is the markup in percent?
  5. 5.One potted plant costs ₹34 to make and Ananya sells it for ₹51. What is the markup in percent?
  6. 6.One glass of chai costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  7. 7.One fruit cup costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  8. 8.One painted pebble costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  9. 9.One paper bookmark costs ₹47 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹48 to make and Aarav sells it for ₹72. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹60 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹50 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹52 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One handmade card costs ₹16 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One cupcake costs ₹48 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  17. 17.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  18. 18.One painted pebble costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹48 to make and Gurpreet sells it for ₹96. What is the markup in percent?
  20. 20.One cupcake costs ₹25 to make and Farhan sells it for ₹50. What is the markup in percent?
  21. 21.One fruit cup costs ₹15 to make and Dev sells it for ₹18. What is the markup in percent?
  22. 22.One paper bookmark costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹46 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹40 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹50 to make and Kavya sells it for ₹75. What is the markup in percent?
  26. 26.One painted pebble costs ₹55 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹40 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹20 to make and Joseph sells it for ₹40. What is the markup in percent?
  29. 29.One painted pebble costs ₹55 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹44 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹36 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹30 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  37. 37.One fruit cup costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  38. 38.One handmade card costs ₹58 to make and Vihaan sells it for ₹87. What is the markup in percent?
  39. 39.One handmade card costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 25
  3. 25
  4. 50
  5. 50
  6. 25
  7. 10
  8. 10
  9. 94
  10. 50
  11. 72
  12. 75
  13. 13
  14. 8
  15. 12
  16. cost + a markup
  17. what buyers will pay
  18. 6
  19. 100
  20. 100
  21. 20
  22. 20
  23. 69
  24. 20
  25. 50
  26. 110
  27. 44
  28. 100
  29. 66
  30. 55
  31. 4
  32. 44
  33. 45
  34. 22
  35. 3
  36. a loss
  37. 20
  38. 50
  39. 30
  40. 4

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