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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 385 · 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) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  2. 2.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  3. 3.One bag of popcorn costs ₹20 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  5. 5.One paper bookmark costs ₹16 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  7. 7.One potted plant costs ₹55 to make and Joseph sells it for ₹66. What is the markup in percent?
  8. 8.One handmade card costs ₹29 to make and Aarav sells it for ₹58. What is the markup in percent?
  9. 9.One glass of chai costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹35 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹50 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹20 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹26 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  17. 17.One jute bag costs ₹10 to make and Nisha sells it for ₹11. What is the markup in percent?
  18. 18.One fruit cup costs ₹16 to make and Vihaan sells it for ₹32. What is the markup in percent?
  19. 19.One clay diya costs ₹30 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹44 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹60 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹56 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹20 to make and Aarav sells it for ₹24. What is the markup in percent?
  24. 24.One painted pebble costs ₹38 to make and Farhan sells it for ₹57. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹24 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  26. 26.One handmade card costs ₹36 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹58 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹40 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹60 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹52 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹46 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹38 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹36 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹14 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹19 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹24 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. a loss
  3. 24
  4. what buyers will pay
  5. 8
  6. cost + a markup
  7. 20
  8. 100
  9. 22
  10. 42
  11. 11
  12. 75
  13. 20
  14. 1
  15. 39
  16. 10
  17. 10
  18. 100
  19. 33
  20. 11
  21. 30
  22. 70
  23. 20
  24. 50
  25. 50
  26. 18
  27. 87
  28. 10
  29. 10
  30. 15
  31. 65
  32. 92
  33. 3
  34. 38
  35. 66
  36. 1
  37. 54
  38. 21
  39. 19
  40. 12

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