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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 336 · 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 ₹35 to make and Arjun sells it for ₹42. What is the markup in percent?
  2. 2.One bag of popcorn costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  4. 4.One cup of lemonade costs ₹30 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One cupcake costs ₹27 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One handmade card costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  12. 12.One potted plant costs ₹36 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One cupcake costs ₹11 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  16. 16.One paper bookmark costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs ₹37 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One clay diya costs ₹27 to make and Tara sells it for ₹54. What is the markup in percent?
  20. 20.One painted pebble costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  22. 22.One jute bag costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹47 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹45 to make and Vihaan sells it for ₹54. What is the markup in percent?
  25. 25.One clay diya costs ₹60 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹60 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  28. 28.One painted pebble costs ₹13 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹44 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹28 to make and Ananya sells it for ₹35. What is the markup in percent?
  32. 32.One fruit cup costs ₹32 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹28 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  36. 36.One handmade card costs ₹42 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹28 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹15 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 30
  3. 10 rupees
  4. 60
  5. 12
  6. 12
  7. 54
  8. 6
  9. 72
  10. 22
  11. what buyers will pay
  12. 54
  13. 48
  14. 22
  15. 20
  16. 66
  17. 2
  18. 37
  19. 100
  20. 18
  21. a loss
  22. 10
  23. 47
  24. 20
  25. 30
  26. 15
  27. cost + a markup
  28. 26
  29. 11
  30. 2
  31. 25
  32. 16
  33. 56
  34. 2
  35. 20
  36. 84
  37. 7
  38. 1
  39. 6
  40. 18

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