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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 90 · 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 ₹52 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹29 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?
  4. 4.One cupcake costs ₹50 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  6. 6.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  7. 7.One potted plant costs ₹40 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs ₹29 to make and Farhan sells it for ₹58. What is the markup in percent?
  9. 9.One glass of chai costs ₹18 to make and Kabir sells it for ₹27. What is the markup in percent?
  10. 10.One potted plant costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  11. 11.One fruit cup costs ₹16 to make and Vihaan sells it for ₹24. What is the markup in percent?
  12. 12.One paper bookmark costs ₹24 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹50 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  15. 15.One paper bookmark costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹10 to make and Ishaan sells it for ₹15. What is the markup in percent?
  17. 17.One jute bag costs ₹60 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One cupcake costs ₹56 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹44 to make and Tara sells it for ₹55. What is the markup in percent?
  20. 20.One paper bookmark costs ₹24 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹24 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹44 to make and Dev sells it for ₹55. What is the markup in percent?
  23. 23.One painted pebble costs ₹34 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹50 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  26. 26.One glass of chai costs ₹50 to make and Riya sells it for ₹60. What is the markup in percent?
  27. 27.One handmade card costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹53 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹56 to make and Kabir sells it for ₹112. What is the markup in percent?
  30. 30.One jute bag costs ₹56 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹16 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹36 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹24 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹32 to make and Lakshmi sells it for ₹40. What is the markup in percent?
  37. 37.One friendship band costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  38. 38.One glass of chai costs ₹48 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹60 to make and Vihaan sells it for ₹75. What is the markup in percent?

Answer key

  1. 78
  2. 58
  3. 10
  4. 10
  5. cost + a markup
  6. a loss
  7. 8
  8. 100
  9. 50
  10. 20
  11. 50
  12. 24
  13. 25
  14. what buyers will pay
  15. 55
  16. 50
  17. 12
  18. 84
  19. 25
  20. 30
  21. 6
  22. 25
  23. 51
  24. 25
  25. 10 rupees
  26. 20
  27. 10
  28. 106
  29. 100
  30. 70
  31. 4
  32. 36
  33. 6
  34. 36
  35. 24
  36. 25
  37. 10
  38. 48
  39. 3
  40. 25

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