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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 906 · 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 ₹12 to make and Saanvi sells it for ₹15. What is the markup in percent?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  3. 3.One painted pebble costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  5. 5.One cup of lemonade costs ₹22 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹20 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  8. 8.One cup of lemonade costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹35 to make and Kavya sells it for ₹42. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹48 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹47 to make and Vihaan sells it for ₹94. What is the markup in percent?
  12. 12.One glass of chai costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹56 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹18 to make and Arjun sells it for ₹27. What is the markup in percent?
  15. 15.One friendship band costs ₹30 to make and Kavya sells it for ₹36. What is the markup in percent?
  16. 16.One glass of chai costs ₹18 to make and Ananya sells it for ₹27. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  18. 18.One potted plant costs ₹50 to make and Nisha sells it for ₹60. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹56 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹48 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make and Vihaan sells it for ₹90. What is the markup in percent?
  22. 22.One friendship band costs ₹32 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹12 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹25 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹40 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One clay diya costs ₹26 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹34 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹25 to make and Diya sells it for ₹30. What is the markup in percent?
  31. 31.One clay diya costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  32. 32.One clay diya costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹10 to make and Ananya sells it for ₹20. What is the markup in percent?
  37. 37.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  38. 38.One clay diya costs ₹46 to make and Diya sells it for ₹69. What is the markup in percent?
  39. 39.One glass of chai costs ₹56 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 25
  2. 10 rupees
  3. 10
  4. what buyers will pay
  5. 11
  6. 5
  7. a loss
  8. 10
  9. 20
  10. 60
  11. 100
  12. 6
  13. 28
  14. 50
  15. 20
  16. 50
  17. 20
  18. 20
  19. 112
  20. 12
  21. 50
  22. 48
  23. 3
  24. 50
  25. 8
  26. 55
  27. 80
  28. 13
  29. 34
  30. 20
  31. 10
  32. 5
  33. 72
  34. 15
  35. 10
  36. 100
  37. cost + a markup
  38. 50
  39. 84
  40. 11

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