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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 309 · 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 fruit cup costs ₹18 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  2. 2.One clay diya costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹60 to make and Diya sells it for ₹75. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹20 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹44 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹32 to make and Kabir sells it for ₹40. What is the markup in percent?
  7. 7.One cupcake costs ₹40 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  9. 9.One paper bookmark costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹25 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹48 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹12 to make and Riya sells it for ₹15. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  15. 15.One cupcake costs ₹18 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹15 to make and Joseph sells it for ₹30. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  20. 20.One clay diya costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  22. 22.One painted pebble costs ₹14 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹40 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹20 to make and Dev sells it for ₹24. What is the markup in percent?
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  27. 27.One paper bookmark costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹44 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹24 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹59 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  32. 32.One glass of chai costs ₹56 to make and Tara sells it for ₹70. What is the markup in percent?
  33. 33.One glass of chai costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹36 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹56 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹55 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹45 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹25 to make and Ananya sells it for ₹30. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 27
  2. 55
  3. 25
  4. 24
  5. 22
  6. 25
  7. 50
  8. a loss
  9. 2
  10. 5
  11. 48
  12. 25
  13. 25
  14. 20
  15. 36
  16. 100
  17. 2
  18. 4
  19. cost + a markup
  20. 4
  21. what buyers will pay
  22. 14
  23. 10
  24. 3
  25. 20
  26. 10 rupees
  27. 3
  28. 55
  29. 36
  30. 118
  31. 10
  32. 25
  33. 44
  34. 22
  35. 45
  36. 28
  37. 66
  38. 54
  39. 20
  40. 18

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