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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 347 · 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 profit on one (in ₹)?
  2. 2.One handmade card costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  5. 5.One handmade card costs ₹32 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  9. 9.One handmade card costs ₹37 to make and Kabir sells it for ₹74. What is the markup in percent?
  10. 10.One painted pebble costs ₹37 to make and Ishaan sells it for ₹74. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹46 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs ₹20 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹28 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹20 to make and Aarav sells it for ₹30. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹42 to make and Saanvi sells it for ₹63. What is the markup in percent?
  18. 18.One clay diya costs ₹16 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One clay diya costs ₹24 to make and Ishaan sells it for ₹48. What is the markup in percent?
  20. 20.One glass of chai costs ₹25 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹44 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹56 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹32 to make and Zoya sells it for ₹48. What is the markup in percent?
  24. 24.One fruit cup costs ₹60 to make and Arjun sells it for ₹75. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹33 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹30 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹26 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹59 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹21 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹32 to make and Gurpreet sells it for ₹40. What is the markup in percent?
  33. 33.One clay diya costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹52 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹35 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹16 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹20 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹40 to make and Rohan sells it for ₹50. What is the markup in percent?

Answer key

  1. 2
  2. 2
  3. cost + a markup
  4. what buyers will pay
  5. 8
  6. 24
  7. a loss
  8. 10 rupees
  9. 100
  10. 100
  11. 23
  12. 10
  13. 10
  14. 14
  15. 10
  16. 50
  17. 50
  18. 4
  19. 100
  20. 30
  21. 22
  22. 28
  23. 50
  24. 25
  25. 66
  26. 45
  27. 12
  28. 52
  29. 118
  30. 21
  31. 20
  32. 25
  33. 2
  34. 78
  35. 48
  36. 42
  37. 20
  38. 4
  39. 55
  40. 25

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