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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 811 · 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 potted plant costs ₹45 to make and Meera sells it for ₹54. What is the markup in percent?
  2. 2.One glass of chai costs ₹12 to make and Nisha sells it for ₹24. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹20 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹18 to make and Nisha sells it for ₹27. What is the markup in percent?
  7. 7.One glass of chai costs ₹28 to make and Meera sells it for ₹35. What is the markup in percent?
  8. 8.One friendship band costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  10. 10.One painted pebble costs ₹24 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹12 to make and Kavya sells it for ₹18. What is the markup in percent?
  12. 12.One glass of chai costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  13. 13.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  14. 14.One fruit cup costs ₹36 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹40 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹44 to make and Ananya sells it for ₹66. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  18. 18.One clay diya costs ₹11 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  20. 20.One glass of chai costs ₹54 to make and Diya sells it for ₹81. What is the markup in percent?
  21. 21.One glass of chai costs ₹10 to make and Joseph sells it for ₹15. What is the markup in percent?
  22. 22.One paper bookmark costs ₹35 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  26. 26.One jute bag costs ₹12 to make and Dev sells it for ₹15. What is the markup in percent?
  27. 27.One glass of chai costs ₹36 to make and Gurpreet sells it for ₹54. What is the markup in percent?
  28. 28.One handmade card costs ₹25 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹50 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹22 to make and Meera sells it for ₹33. What is the markup in percent?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  32. 32.One jute bag costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  33. 33.One fruit cup costs ₹34 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹32 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  37. 37.One cupcake costs ₹50 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹30 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹28 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?

Answer key

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

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