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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 941 · 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 painted pebble costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  3. 3.One glass of chai costs ₹24 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  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 ₹35 to make and Aarav sells it for ₹42. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  7. 7.One cupcake costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹60 to make and Farhan sells it for ₹75. What is the markup in percent?
  9. 9.One paper bookmark costs ₹52 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  11. 11.One friendship band costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹14 to make and Kavya sells it for ₹21. What is the markup in percent?
  13. 13.One paper bookmark costs ₹14 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹26 to make and Meera sells it for ₹39. What is the markup in percent?
  15. 15.One jute bag costs ₹12 to make and Joseph sells it for ₹15. What is the markup in percent?
  16. 16.One clay diya costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹20 to make and Lakshmi sells it for ₹25. What is the markup in percent?
  19. 19.One handmade card costs ₹24 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  20. 20.One cupcake costs ₹54 to make and Meera sells it for ₹81. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹32 to make and Meera sells it for ₹40. What is the markup in percent?
  22. 22.One glass of chai costs ₹40 to make and Farhan sells it for ₹48. What is the markup in percent?
  23. 23.One jute bag costs ₹56 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹14 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹20 to make and Ananya sells it for ₹25. What is the markup in percent?
  26. 26.One painted pebble costs ₹15 to make and Dev sells it for ₹18. What is the markup in percent?
  27. 27.One fruit cup costs ₹16 to make and Meera sells it for ₹20. What is the markup in percent?
  28. 28.One jute bag costs ₹55 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹26 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹20 to make and Farhan sells it for ₹24. What is the markup in percent?
  31. 31.One cupcake costs ₹10 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹22 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹60 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹30 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹25 to make and Diya sells it for ₹30. What is the markup in percent?
  39. 39.One paper bookmark costs ₹55 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees

Answer key

  1. 11
  2. 10
  3. 12
  4. what buyers will pay
  5. 20
  6. a loss
  7. 20
  8. 25
  9. 65
  10. cost + a markup
  11. 20
  12. 50
  13. 14
  14. 50
  15. 25
  16. 50
  17. 22
  18. 25
  19. 25
  20. 50
  21. 25
  22. 20
  23. 70
  24. 7
  25. 25
  26. 20
  27. 25
  28. 110
  29. 26
  30. 20
  31. 15
  32. 11
  33. 72
  34. 1
  35. 2
  36. 6
  37. 44
  38. 20
  39. 11
  40. 10 rupees

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