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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 967 · 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 clay diya costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹52 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹56 to make and Arjun sells it for ₹70. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹58 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹48 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  8. 8.One friendship band costs ₹60 to make and Rohan sells it for ₹72. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  10. 10.One friendship band costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹32 to make and Riya sells it for ₹40. What is the markup in percent?
  12. 12.One potted plant costs ₹14 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  14. 14.One cupcake costs ₹38 to make and Nisha sells it for ₹57. What is the markup in percent?
  15. 15.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  16. 16.One painted pebble costs ₹60 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹60 to make and Kabir sells it for ₹90. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹45 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹58 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹30 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  23. 23.One cupcake costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  24. 24.One glass of chai costs ₹30 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹45 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹10 to make and Riya sells it for ₹12. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  29. 29.One fruit cup costs ₹19 to make and Saanvi sells it for ₹38. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹30 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹44 to make and Riya sells it for ₹88. What is the markup in percent?
  32. 32.One friendship band costs ₹16 to make and Diya sells it for ₹32. What is the markup in percent?
  33. 33.One potted plant costs ₹43 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  36. 36.One cupcake costs ₹24 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹16 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹24 to make and Nisha sells it for ₹36. What is the markup in percent?
  39. 39.One fruit cup costs ₹40 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?

Answer key

  1. 20
  2. 13
  3. 25
  4. 87
  5. 60
  6. 10
  7. what buyers will pay
  8. 20
  9. 10 rupees
  10. 3
  11. 25
  12. 21
  13. 10
  14. 50
  15. cost + a markup
  16. 75
  17. 50
  18. 54
  19. 116
  20. 1
  21. 15
  22. a loss
  23. 10
  24. 3
  25. 54
  26. 20
  27. 60
  28. 10
  29. 100
  30. 36
  31. 100
  32. 100
  33. 86
  34. 11
  35. 10
  36. 36
  37. 4
  38. 50
  39. 10
  40. 10

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