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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 798 · 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 ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  2. 2.One paper bookmark costs ₹29 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  4. 4.One paper bookmark costs ₹56 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One friendship band costs ₹28 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One cup of lemonade costs ₹60 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹37 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹46 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  10. 10.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  11. 11.One friendship band costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹36 to make and Tara sells it for ₹54. What is the markup in percent?
  14. 14.One glass of chai costs ₹10 to make and Ananya sells it for ₹15. What is the markup in percent?
  15. 15.One potted plant costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹16 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  20. 20.One potted plant costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹32 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹44 to make and Ishaan sells it for ₹55. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  24. 24.One potted plant costs ₹48 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹20 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹36 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹57 to make and Nisha sells it for ₹114. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹40 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹55 to make and Nisha sells it for ₹66. What is the markup in percent?
  32. 32.One handmade card costs ₹24 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹10 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹46 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹17 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  38. 38.One painted pebble costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹35 to make and Diya sells it for ₹70. What is the markup in percent?
  40. 40.One paper bookmark costs ₹10 to make and Ishaan sells it for ₹12. What is the markup in percent?

Answer key

  1. 10
  2. 29
  3. cost + a markup
  4. 14
  5. 7
  6. 66
  7. 37
  8. 69
  9. 25
  10. what buyers will pay
  11. 22
  12. 6
  13. 50
  14. 50
  15. 18
  16. 10
  17. 11
  18. 24
  19. a loss
  20. 72
  21. 8
  22. 25
  23. 10
  24. 12
  25. 4
  26. 3
  27. 5
  28. 45
  29. 100
  30. 50
  31. 20
  32. 12
  33. 15
  34. 33
  35. 92
  36. 34
  37. 10
  38. 24
  39. 100
  40. 20

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