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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 379 · 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 ₹54 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  2. 2.One bag of popcorn costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  4. 4.One jute bag costs ₹12 to make and Zoya sells it for ₹18. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹50 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  8. 8.One cupcake costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  11. 11.One cupcake costs ₹56 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  13. 13.One jute bag costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  17. 17.One glass of chai costs ₹24 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹30 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  21. 21.One glass of chai costs ₹46 to make and Dev sells it for ₹69. What is the markup in percent?
  22. 22.One cupcake costs ₹40 to make and Kavya sells it for ₹50. What is the markup in percent?
  23. 23.One fruit cup costs ₹50 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹54 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹35 to make and Dev sells it for ₹42. What is the markup in percent?
  26. 26.One potted plant costs ₹28 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹10 to make and Vihaan sells it for ₹15. What is the markup in percent?
  29. 29.One friendship band costs ₹44 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹58 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹60 to make and Joseph sells it for ₹72. What is the markup in percent?
  32. 32.One friendship band costs ₹48 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹44 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹24 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹37 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹37 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹40 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹56 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 81
  2. 2
  3. a loss
  4. 50
  5. 10
  6. 20
  7. what buyers will pay
  8. 20
  9. 10
  10. cost + a markup
  11. 70
  12. 20
  13. 55
  14. 11
  15. 2
  16. 10 rupees
  17. 30
  18. 60
  19. 5
  20. 10
  21. 50
  22. 25
  23. 55
  24. 27
  25. 20
  26. 28
  27. 66
  28. 50
  29. 11
  30. 29
  31. 20
  32. 12
  33. 15
  34. 66
  35. 12
  36. 37
  37. 37
  38. 10
  39. 70
  40. 15

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