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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 363 · 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 ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹42 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  4. 4.One jute bag costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹48 to make and Ishaan sells it for ₹72. What is the markup in percent?
  6. 6.One fruit cup costs ₹50 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹28 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One clay diya costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹13 to make and Dev sells it for ₹26. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹54 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  13. 13.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  14. 14.One paper bookmark costs ₹10 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹60 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹44 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹52 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹32 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹47 to make and Zoya sells it for ₹94. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹58 to make and Meera sells it for ₹116. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹20 to make and Rohan sells it for ₹30. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹58 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹54 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹43 to make and Ananya sells it for ₹86. What is the markup in percent?
  26. 26.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  27. 27.One cupcake costs ₹60 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹32 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹56 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹16 to make and Lakshmi sells it for ₹20. What is the markup in percent?
  31. 31.One painted pebble costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹52 to make and Ishaan sells it for ₹78. What is the markup in percent?
  33. 33.One friendship band costs ₹10 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹55 to make and Gurpreet sells it for ₹110. What is the markup in percent?
  35. 35.One friendship band costs ₹56 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹24 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹59 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹45 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹36 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 18
  2. 21
  3. 10 rupees
  4. 6
  5. 50
  6. 100
  7. 7
  8. 11
  9. 13
  10. 100
  11. 27
  12. cost + a markup
  13. a loss
  14. 15
  15. 12
  16. 11
  17. 104
  18. 6
  19. 40
  20. 100
  21. 100
  22. 50
  23. 87
  24. 54
  25. 100
  26. what buyers will pay
  27. 12
  28. 48
  29. 84
  30. 25
  31. 66
  32. 50
  33. 12
  34. 100
  35. 28
  36. 24
  37. 24
  38. 118
  39. 9
  40. 54

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