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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 358 · 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 ₹50 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One clay diya costs ₹54 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs ₹50 to make and Farhan sells it for ₹60. What is the markup in percent?
  5. 5.One paper bookmark costs ₹26 to make and Zoya sells it for ₹39. What is the markup in percent?
  6. 6.One jute bag costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One cupcake costs ₹40 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹30 to make and Meera sells it for ₹36. What is the markup in percent?
  9. 9.One painted pebble costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  11. 11.One glass of chai costs ₹12 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹30 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹39 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹42 to make and Dev sells it for ₹63. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹20 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  18. 18.One cup of lemonade costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹30 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  22. 22.One handmade card costs ₹15 to make and Meera sells it for ₹30. What is the markup in percent?
  23. 23.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  24. 24.One jute bag costs ₹50 to make and Riya sells it for ₹60. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹36 to make and Diya sells it for ₹54. What is the markup in percent?
  28. 28.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  29. 29.One cupcake costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  30. 30.One clay diya costs ₹30 to make and Saanvi sells it for ₹45. What is the markup in percent?
  31. 31.One fruit cup costs ₹40 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹56 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹12 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹56 to make and Nisha sells it for ₹70. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹40 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹12 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹52 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹45 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 8
  3. 27
  4. 20
  5. 50
  6. 60
  7. 80
  8. 20
  9. 55
  10. what buyers will pay
  11. 3
  12. 66
  13. 6
  14. 78
  15. 50
  16. 30
  17. 10 rupees
  18. 10
  19. 30
  20. 4
  21. 10
  22. 100
  23. a loss
  24. 20
  25. 44
  26. 2
  27. 50
  28. cost + a markup
  29. 20
  30. 50
  31. 48
  32. 14
  33. 15
  34. 25
  35. 8
  36. 14
  37. 3
  38. 55
  39. 104
  40. 9

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