Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 940 · 40 questions

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.

1. 1.One cup of lemonade costs ₹40 to make and Ishaan sells it for ₹50. What is the markup in percent?
2. 2.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
3. 3.One potted plant costs ₹30 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
4. 4.One jute bag costs ₹24 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
5. 5.One glass of chai costs ₹16 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
6. 6.One handmade card costs ₹45 to make and Gurpreet sells it for ₹54. What is the markup in percent?
7. 7.One glass of chai costs ₹54 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
8. 8.One paper bookmark costs ₹13 to make and Riya sells it for ₹26. What is the markup in percent?
9. 9.One paper bookmark costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
10. 10.One cup of lemonade costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
11. 11.One bag of popcorn costs ₹46 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
12. 12.One friendship band costs ₹40 to make and Riya sells it for ₹50. What is the markup in percent?
13. 13.One painted pebble costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
14. 14.One glass of chai costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
16. 16.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
17. 17.One handmade card costs ₹50 to make and Zoya sells it for ₹60. What is the markup in percent?
18. 18.One jute bag costs ₹42 to make and Ishaan sells it for ₹63. What is the markup in percent?
19. 19.One friendship band costs ₹16 to make and Lakshmi sells it for ₹24. What is the markup in percent?
20. 20.One clay diya costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
21. 21.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
22. 22.One cup of lemonade costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
23. 23.One handmade card costs ₹54 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
24. 24.One bag of popcorn costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
25. 25.One fruit cup costs ₹52 to make and Gurpreet sells it for ₹65. What is the markup in percent?
26. 26.One fruit cup costs ₹52 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
27. 27.One painted pebble costs ₹30 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
28. 28.One painted pebble costs ₹16 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
29. 29.One jute bag costs ₹48 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
30. 30.One cup of lemonade costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
31. 31.One cupcake costs ₹28 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
32. 32.One potted plant costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
33. 33.One potted plant costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
34. 34.One cup of lemonade costs ₹60 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
35. 35.One bag of popcorn costs ₹50 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
36. 36.One clay diya costs ₹38 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
37. 37.One bag of popcorn costs ₹28 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
38. 38.One fruit cup costs ₹52 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
39. 39.One jute bag costs ₹12 to make and Saanvi sells it for ₹15. What is the markup in percent?
40. 40.One paper bookmark costs ₹12 to make and Ananya sells it for ₹18. What is the markup in percent?

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