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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 376 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  2. 2.One bag of popcorn costs ₹57 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  4. 4.One fruit cup costs ₹50 to make and Zoya sells it for ₹55. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹24 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  8. 8.One painted pebble costs ₹39 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  10. 10.One handmade card costs ₹56 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  12. 12.One handmade card costs ₹22 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹20 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹12 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One bag of popcorn costs ₹10 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  18. 18.One paper bookmark costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹52 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹16 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹16 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹58 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹40 to make and Meera sells it for ₹50. What is the markup in percent?
  26. 26.One jute bag costs ₹44 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹12 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹58 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹40 to make and Kavya sells it for ₹80. What is the markup in percent?
  32. 32.One friendship band costs ₹28 to make and Nisha sells it for ₹42. What is the markup in percent?
  33. 33.One fruit cup costs ₹45 to make and Tara sells it for ₹54. What is the markup in percent?
  34. 34.One friendship band costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹45 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹57 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹40 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹40 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹50 to make and Zoya sells it for ₹75. What is the markup in percent?

Answer key

  1. 10 rupees
  2. 114
  3. cost + a markup
  4. 10
  5. 3
  6. 30
  7. what buyers will pay
  8. 78
  9. 10
  10. 14
  11. 20
  12. 44
  13. 2
  14. 6
  15. 66
  16. 10
  17. a loss
  18. 2
  19. 65
  20. 24
  21. 8
  22. 58
  23. 55
  24. 33
  25. 25
  26. 88
  27. 66
  28. 55
  29. 3
  30. 58
  31. 100
  32. 50
  33. 20
  34. 45
  35. 54
  36. 57
  37. 60
  38. 10
  39. 8
  40. 50

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