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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 83 · 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 jute bag costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  3. 3.One painted pebble costs ₹18 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹56 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹60 to make and Farhan sells it for ₹72. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹50 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One cup of lemonade costs ₹19 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  9. 9.One cupcake costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹56 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹56 to make and Aarav sells it for ₹70. What is the markup in percent?
  14. 14.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  15. 15.One cup of lemonade costs ₹32 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  16. 16.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  17. 17.One cupcake costs ₹50 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹27 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  20. 20.One glass of chai costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One cupcake costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹60 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹32 to make and Meera sells it for ₹40. What is the markup in percent?
  24. 24.One handmade card costs ₹21 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹14 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹16 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹50 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One clay diya costs ₹35 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹16 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹43 to make and Gurpreet sells it for ₹86. What is the markup in percent?
  32. 32.One painted pebble costs ₹52 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹30 to make and Saanvi sells it for ₹36. What is the markup in percent?
  34. 34.One jute bag costs ₹58 to make and Gurpreet sells it for ₹87. What is the markup in percent?
  35. 35.One paper bookmark costs ₹36 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹12 to make and Zoya sells it for ₹24. What is the markup in percent?
  37. 37.One glass of chai costs ₹16 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹19 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹45 to make and Meera sells it for ₹54. What is the markup in percent?

Answer key

  1. 10
  2. cost + a markup
  3. 9
  4. 70
  5. 20
  6. 25
  7. 19
  8. 10 rupees
  9. 6
  10. 84
  11. 18
  12. 10
  13. 25
  14. what buyers will pay
  15. 40
  16. a loss
  17. 10
  18. 54
  19. 20
  20. 4
  21. 2
  22. 15
  23. 25
  24. 42
  25. 28
  26. 24
  27. 60
  28. 70
  29. 4
  30. 2
  31. 100
  32. 26
  33. 20
  34. 50
  35. 54
  36. 100
  37. 4
  38. 1
  39. 19
  40. 20

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