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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 128 · 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 paper bookmark costs ₹24 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One bag of popcorn costs ₹50 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  4. 4.One jute bag costs ₹52 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹30 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  8. 8.One jute bag costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  10. 10.One potted plant costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  12. 12.One painted pebble costs ₹44 to make and Ishaan sells it for ₹66. What is the markup in percent?
  13. 13.One glass of chai costs ₹40 to make and Dev sells it for ₹60. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹59 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹10 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One potted plant costs ₹31 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹50 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  20. 20.One glass of chai costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  21. 21.One handmade card costs ₹16 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  23. 23.One friendship band costs ₹60 to make and Meera sells it for ₹75. What is the markup in percent?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  25. 25.One paper bookmark costs ₹45 to make and Joseph sells it for ₹54. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹24 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹28 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹44 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹12 to make and Ananya sells it for ₹18. What is the markup in percent?
  31. 31.One painted pebble costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹54 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹31 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹44 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  36. 36.One painted pebble costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹40 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹20 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹32 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹38 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 30
  2. 60
  3. 10
  4. 13
  5. 11
  6. 36
  7. 10
  8. 33
  9. 20
  10. 22
  11. a loss
  12. 50
  13. 50
  14. 118
  15. 2
  16. 31
  17. 50
  18. 4
  19. cost + a markup
  20. 20
  21. 16
  22. what buyers will pay
  23. 25
  24. 10 rupees
  25. 20
  26. 30
  27. 7
  28. 66
  29. 66
  30. 50
  31. 24
  32. 108
  33. 31
  34. 11
  35. 10
  36. 2
  37. 4
  38. 5
  39. 8
  40. 19

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