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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 146 · 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 ₹20 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  3. 3.One cupcake costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹34 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  6. 6.One cupcake costs ₹40 to make and Aarav sells it for ₹50. What is the markup in percent?
  7. 7.One cupcake costs ₹30 to make and Kavya sells it for ₹36. What is the markup in percent?
  8. 8.One glass of chai costs ₹48 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹40 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹32 to make and Rohan sells it for ₹40. What is the markup in percent?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  12. 12.One fruit cup costs ₹42 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹27 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹36 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹24 to make and Kavya sells it for ₹30. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹10 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  17. 17.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  18. 18.One clay diya costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One clay diya costs ₹58 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  21. 21.One friendship band costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹60 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹60 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹24 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹32 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One clay diya costs ₹47 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹60 to make and Tara sells it for ₹72. What is the markup in percent?
  28. 28.One cupcake costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹38 to make and Vihaan sells it for ₹76. What is the markup in percent?
  30. 30.One friendship band costs ₹30 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  32. 32.One potted plant costs ₹56 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹20 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  35. 35.One handmade card costs ₹29 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹12 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹10 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 4
  2. what buyers will pay
  3. 3
  4. 17
  5. 10
  6. 25
  7. 20
  8. 12
  9. 48
  10. 25
  11. 10 rupees
  12. 63
  13. 54
  14. 54
  15. 25
  16. 20
  17. cost + a markup
  18. 4
  19. 87
  20. a loss
  21. 40
  22. 30
  23. 12
  24. 48
  25. 32
  26. 47
  27. 20
  28. 4
  29. 100
  30. 60
  31. 20
  32. 70
  33. 30
  34. 20
  35. 58
  36. 11
  37. 24
  38. 40
  39. 20
  40. 2

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