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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 79 · 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 ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  3. 3.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  4. 4.One fruit cup costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One cupcake costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹34 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹30 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹52 to make and Diya sells it for ₹78. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹52 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹45 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹25 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹56 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹49 to make and Riya sells it for ₹98. What is the markup in percent?
  16. 16.One painted pebble costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹45 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹24 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹12 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹36 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹42 to make and Ishaan sells it for ₹63. What is the markup in percent?
  23. 23.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  24. 24.One paper bookmark costs ₹55 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹18 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹40 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹22 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹19 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹14 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹28 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  33. 33.One jute bag costs ₹20 to make and Saanvi sells it for ₹24. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  38. 38.One friendship band costs ₹20 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹20 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 55
  2. a loss
  3. what buyers will pay
  4. 5
  5. 8
  6. 66
  7. 51
  8. 45
  9. 6
  10. 50
  11. 65
  12. 54
  13. 30
  14. 14
  15. 100
  16. 11
  17. 9
  18. 30
  19. 15
  20. 54
  21. 24
  22. 50
  23. cost + a markup
  24. 11
  25. 9
  26. 6
  27. 48
  28. 44
  29. 38
  30. 21
  31. 28
  32. 10
  33. 20
  34. 14
  35. 4
  36. 11
  37. 10 rupees
  38. 2
  39. 4
  40. 11

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