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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 853 · 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 fruit cup costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹25 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  4. 4.One friendship band costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  6. 6.One glass of chai costs ₹15 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹60 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One glass of chai costs ₹26 to make and Tara sells it for ₹39. What is the markup in percent?
  9. 9.One jute bag costs ₹33 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹48 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  11. 11.One clay diya costs ₹16 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹40 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  16. 16.One cupcake costs ₹51 to make and Rohan sells it for ₹102. What is the markup in percent?
  17. 17.One handmade card costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  19. 19.One friendship band costs ₹24 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  22. 22.One cupcake costs ₹31 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹36 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹42 to make and Diya sells it for ₹63. What is the markup in percent?
  26. 26.One handmade card costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  27. 27.One cupcake costs ₹10 to make and Tara sells it for ₹15. What is the markup in percent?
  28. 28.One fruit cup costs ₹16 to make and Arjun sells it for ₹20. What is the markup in percent?
  29. 29.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  30. 30.One clay diya costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  31. 31.One clay diya costs ₹25 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹24 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹35 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  35. 35.One glass of chai costs ₹36 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹22 to make and Vihaan sells it for ₹33. What is the markup in percent?
  39. 39.One jute bag costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  40. 40.One glass of chai costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 48
  2. 30
  3. what buyers will pay
  4. 60
  5. 10
  6. 18
  7. 15
  8. 50
  9. 33
  10. 50
  11. 20
  12. 10
  13. 4
  14. 6
  15. 10 rupees
  16. 100
  17. 33
  18. cost + a markup
  19. 36
  20. 22
  21. 20
  22. 31
  23. 3
  24. 72
  25. 50
  26. 10
  27. 50
  28. 25
  29. a loss
  30. 10
  31. 5
  32. 36
  33. 70
  34. 10
  35. 9
  36. 6
  37. 24
  38. 50
  39. 10
  40. 1

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