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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 121 · 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 bag of popcorn costs ₹22 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹60 to make and Zoya sells it for ₹72. What is the markup in percent?
  3. 3.One potted plant costs ₹10 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  6. 6.One handmade card costs ₹48 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹60 to make and Joseph sells it for ₹72. What is the markup in percent?
  8. 8.One friendship band costs ₹44 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹40 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One cupcake costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  12. 12.One jute bag costs ₹45 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹12 to make and Dev sells it for ₹18. What is the markup in percent?
  14. 14.One clay diya costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  16. 16.One cupcake costs ₹15 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹30 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  20. 20.One handmade card costs ₹15 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹25 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹20 to make and Riya sells it for ₹30. What is the markup in percent?
  23. 23.One potted plant costs ₹60 to make and Meera sells it for ₹90. What is the markup in percent?
  24. 24.One cupcake costs ₹49 to make and Meera sells it for ₹98. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹16 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹60 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹60 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  29. 29.One clay diya costs ₹12 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹56 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹60 to make and Rohan sells it for ₹75. What is the markup in percent?
  33. 33.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  34. 34.One jute bag costs ₹38 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One cupcake costs ₹52 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹14 to make and Zoya sells it for ₹21. What is the markup in percent?
  39. 39.One jute bag costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹30 to make and Joseph sells it for ₹45. What is the markup in percent?

Answer key

  1. 11
  2. 20
  3. 2
  4. 1
  5. what buyers will pay
  6. 60
  7. 20
  8. 66
  9. 50
  10. 66
  11. 10
  12. 54
  13. 50
  14. 20
  15. 10 rupees
  16. 15
  17. 12
  18. 3
  19. 10
  20. 3
  21. 30
  22. 50
  23. 50
  24. 100
  25. 24
  26. 72
  27. 12
  28. a loss
  29. 15
  30. 10
  31. 70
  32. 25
  33. cost + a markup
  34. 19
  35. 13
  36. 2
  37. 55
  38. 50
  39. 1
  40. 50

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