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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 891 · 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 ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One potted plant costs ₹44 to make and Meera sells it for ₹55. What is the markup in percent?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  4. 4.One glass of chai costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  5. 5.One jute bag costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  7. 7.One cupcake costs ₹46 to make and Rohan sells it for ₹69. What is the markup in percent?
  8. 8.One jute bag costs ₹10 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹22 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹42 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  12. 12.One paper bookmark costs ₹30 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹25 to make and Aarav sells it for ₹50. What is the markup in percent?
  15. 15.One fruit cup costs ₹38 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  17. 17.One handmade card costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹26 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹15 to make and Zoya sells it for ₹18. What is the markup in percent?
  22. 22.One friendship band costs ₹47 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹15 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹36 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  28. 28.One painted pebble costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  29. 29.One clay diya costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹32 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  31. 31.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  32. 32.One handmade card costs ₹42 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹35 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹30 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹60 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹25 to make. Dev adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 54
  2. 25
  3. 10 rupees
  4. 10
  5. 48
  6. a loss
  7. 50
  8. 15
  9. 33
  10. 63
  11. cost + a markup
  12. 60
  13. 12
  14. 100
  15. 38
  16. 10
  17. 20
  18. 11
  19. 1
  20. 26
  21. 20
  22. 47
  23. 55
  24. 18
  25. 72
  26. 24
  27. 20
  28. 20
  29. 35
  30. 48
  31. what buyers will pay
  32. 42
  33. 42
  34. 36
  35. 11
  36. 4
  37. 60
  38. 20
  39. 25
  40. 30

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