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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 900 · 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 ₹24 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹56 to make and Ishaan sells it for ₹84. What is the markup in percent?
  3. 3.One cupcake costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  5. 5.One handmade card costs ₹28 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹52 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹10 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  9. 9.One bag of popcorn costs ₹37 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹20 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹24 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹14 to make and Saanvi sells it for ₹28. What is the markup in percent?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  14. 14.One friendship band costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  15. 15.One clay diya costs ₹52 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹24 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  18. 18.One cup of lemonade costs ₹60 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹40 to make and Joseph sells it for ₹48. What is the markup in percent?
  20. 20.One paper bookmark costs ₹46 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹16 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹48 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹28 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹50 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹45 to make and Ishaan sells it for ₹54. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹55 to make and Nisha sells it for ₹66. What is the markup in percent?
  30. 30.One friendship band costs ₹51 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹29 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹20 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹36 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹36 to make and Nisha sells it for ₹72. What is the markup in percent?
  35. 35.One cupcake costs ₹36 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹54 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹52 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹45 to make and Riya sells it for ₹90. What is the markup in percent?

Answer key

  1. 6
  2. 50
  3. 20
  4. what buyers will pay
  5. 42
  6. 65
  7. 5
  8. cost + a markup
  9. 74
  10. 30
  11. 48
  12. 100
  13. 10 rupees
  14. 10
  15. 104
  16. 6
  17. a loss
  18. 12
  19. 20
  20. 69
  21. 4
  22. 60
  23. 35
  24. 2
  25. 66
  26. 44
  27. 10
  28. 20
  29. 20
  30. 102
  31. 58
  32. 24
  33. 36
  34. 100
  35. 54
  36. 27
  37. 3
  38. 20
  39. 13
  40. 100

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