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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 38 · 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 price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  2. 2.One bag of popcorn costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  5. 5.One fruit cup costs ₹35 to make and Tara sells it for ₹70. What is the markup in percent?
  6. 6.One glass of chai costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  7. 7.One friendship band costs ₹26 to make and Dev sells it for ₹52. What is the markup in percent?
  8. 8.One painted pebble costs ₹48 to make and Farhan sells it for ₹60. What is the markup in percent?
  9. 9.One jute bag costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹20 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹37 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  13. 13.One fruit cup costs ₹48 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹35 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹52 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  17. 17.One handmade card costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹40 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹52 to make and Kavya sells it for ₹65. What is the markup in percent?
  22. 22.One handmade card costs ₹30 to make and Dev sells it for ₹36. What is the markup in percent?
  23. 23.One cupcake costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹20 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  28. 28.One potted plant costs ₹44 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  31. 31.One handmade card costs ₹44 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹50 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹17 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹45 to make and Dev sells it for ₹54. What is the markup in percent?
  35. 35.One potted plant costs ₹20 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹27 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹20 to make and Arjun sells it for ₹24. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  39. 39.One glass of chai costs ₹16 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?

Answer key

  1. a loss
  2. 55
  3. 3
  4. 10
  5. 100
  6. 10
  7. 100
  8. 25
  9. 20
  10. 5
  11. 37
  12. 20
  13. 60
  14. 42
  15. 26
  16. what buyers will pay
  17. 66
  18. 40
  19. 30
  20. 11
  21. 25
  22. 20
  23. 4
  24. 6
  25. 6
  26. 4
  27. 10 rupees
  28. 44
  29. 10
  30. 10
  31. 66
  32. 75
  33. 34
  34. 20
  35. 5
  36. 54
  37. 20
  38. 10
  39. 4
  40. 10

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