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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 294 · 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. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One fruit cup costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹60 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹32 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs ₹49 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹52 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One cupcake costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  9. 9.One jute bag costs ₹36 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹21 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹41 to make and Aarav sells it for ₹82. What is the markup in percent?
  13. 13.One glass of chai costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹50 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹40 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  17. 17.One cupcake costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹20 to make and Vihaan sells it for ₹24. What is the markup in percent?
  19. 19.One jute bag costs ₹44 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹19 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹20 to make and Saanvi sells it for ₹25. What is the markup in percent?
  23. 23.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  24. 24.One cup of lemonade costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹41 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  30. 30.One bag of popcorn costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹60 to make and Saanvi sells it for ₹120. What is the markup in percent?
  32. 32.One friendship band costs ₹45 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹58 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹40 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹60 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 22
  2. 5
  3. 12
  4. 8
  5. 49
  6. 13
  7. 7
  8. cost + a markup
  9. 18
  10. 2
  11. 42
  12. 100
  13. 4
  14. 25
  15. 50
  16. what buyers will pay
  17. 72
  18. 20
  19. 66
  20. 72
  21. 19
  22. 25
  23. a loss
  24. 2
  25. 33
  26. 41
  27. 5
  28. 10
  29. 10 rupees
  30. 22
  31. 100
  32. 9
  33. 10
  34. 33
  35. 87
  36. 60
  37. 66
  38. 20
  39. 3
  40. 30

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