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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 998 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  2. 2.One potted plant costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One bag of popcorn costs ₹40 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹45 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹25 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  8. 8.One cup of lemonade costs ₹40 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One fruit cup costs ₹60 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One glass of chai costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  12. 12.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  13. 13.One handmade card costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  14. 14.One glass of chai costs ₹45 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹40 to make and Riya sells it for ₹48. What is the markup in percent?
  17. 17.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  18. 18.One fruit cup costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  20. 20.One friendship band costs ₹32 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹52 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹20 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹17 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹14 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹20 to make and Kavya sells it for ₹24. What is the markup in percent?
  31. 31.One fruit cup costs ₹20 to make and Dev sells it for ₹24. What is the markup in percent?
  32. 32.One glass of chai costs ₹35 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹40 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹36 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹10 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹20 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹55 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹60 to make and Ishaan sells it for ₹75. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 3
  3. 40
  4. 9
  5. 30
  6. 30
  7. cost + a markup
  8. 60
  9. 66
  10. 44
  11. 20
  12. a loss
  13. 10
  14. 9
  15. 55
  16. 20
  17. what buyers will pay
  18. 33
  19. 10
  20. 64
  21. 75
  22. 52
  23. 66
  24. 30
  25. 44
  26. 44
  27. 35
  28. 34
  29. 28
  30. 20
  31. 20
  32. 7
  33. 48
  34. 72
  35. 2
  36. 30
  37. 11
  38. 13
  39. 20
  40. 25

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