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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 267 · 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 price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  2. 2.One handmade card costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹56 to make and Zoya sells it for ₹70. What is the markup in percent?
  4. 4.One fruit cup costs ₹25 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹46 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  7. 7.One bag of popcorn costs ₹51 to make and Joseph sells it for ₹102. What is the markup in percent?
  8. 8.One painted pebble costs ₹24 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹33 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹40 to make and Tara sells it for ₹48. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  12. 12.One clay diya costs ₹56 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One bag of popcorn costs ₹60 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹30 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹42 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹53 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  18. 18.One jute bag costs ₹54 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹18 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹36 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹35 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹50 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹42 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹30 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One clay diya costs ₹41 to make and Lakshmi sells it for ₹82. What is the markup in percent?
  27. 27.One clay diya costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹56 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹40 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹20 to make and Ishaan sells it for ₹24. What is the markup in percent?
  31. 31.One handmade card costs ₹20 to make and Zoya sells it for ₹25. What is the markup in percent?
  32. 32.One potted plant costs ₹60 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  35. 35.One friendship band costs ₹46 to make and Kabir sells it for ₹92. What is the markup in percent?
  36. 36.One potted plant costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹58 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹22 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 24
  3. 25
  4. 30
  5. 69
  6. what buyers will pay
  7. 100
  8. 30
  9. 66
  10. 20
  11. cost + a markup
  12. 28
  13. 66
  14. 36
  15. 63
  16. 53
  17. 10 rupees
  18. 54
  19. 9
  20. 4
  21. 72
  22. 7
  23. 25
  24. 21
  25. 6
  26. 100
  27. 55
  28. 84
  29. 8
  30. 20
  31. 25
  32. 30
  33. 44
  34. 20
  35. 100
  36. 3
  37. 2
  38. 87
  39. 1
  40. 11

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