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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 971 · 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 jute bag costs ₹50 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  3. 3.One cup of lemonade costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  4. 4.One paper bookmark costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹24 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹24 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹47 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  9. 9.One clay diya costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹50 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹20 to make and Vihaan sells it for ₹24. What is the markup in percent?
  12. 12.One cupcake costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹10 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹10 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹23 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  17. 17.One painted pebble costs ₹12 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs ₹12 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹46 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  21. 21.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  23. 23.One painted pebble costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  24. 24.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  25. 25.One cupcake costs ₹54 to make and Zoya sells it for ₹108. What is the markup in percent?
  26. 26.One paper bookmark costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹38 to make and Aarav sells it for ₹76. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹56 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹55 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹60 to make and Lakshmi sells it for ₹75. What is the markup in percent?
  32. 32.One fruit cup costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹35 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹37 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹33 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹56 to make and Vihaan sells it for ₹70. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹52 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 60
  2. a loss
  3. 20
  4. 1
  5. 36
  6. 30
  7. 94
  8. 10
  9. 2
  10. 60
  11. 20
  12. 11
  13. 20
  14. 15
  15. 23
  16. 10
  17. 12
  18. 24
  19. 69
  20. 10
  21. cost + a markup
  22. 10 rupees
  23. 10
  24. what buyers will pay
  25. 100
  26. 18
  27. 100
  28. 28
  29. 11
  30. 42
  31. 25
  32. 50
  33. 2
  34. 7
  35. 1
  36. 37
  37. 33
  38. 25
  39. 66
  40. 13

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