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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 403 · 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 and Arjun sells it for ₹18. What is the markup in percent?
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  3. 3.One fruit cup costs ₹10 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One paper bookmark costs ₹35 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹29 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹10 to make and Vihaan sells it for ₹20. What is the markup in percent?
  7. 7.One paper bookmark costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  8. 8.One potted plant costs ₹25 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One fruit cup costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹35 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  12. 12.One clay diya costs ₹20 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹60 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹25 to make and Kavya sells it for ₹30. What is the markup in percent?
  15. 15.One paper bookmark costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹58 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  19. 19.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  20. 20.One friendship band costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹25 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  24. 24.One glass of chai costs ₹42 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹42 to make and Diya sells it for ₹63. What is the markup in percent?
  26. 26.One painted pebble costs ₹15 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹44 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  29. 29.One clay diya costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹55 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹20 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹50 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One cupcake costs ₹10 to make and Meera sells it for ₹12. What is the markup in percent?
  36. 36.One bag of popcorn costs ₹60 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹34 to make and Vihaan sells it for ₹68. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹44 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹42 to make and Lakshmi sells it for ₹63. What is the markup in percent?
  40. 40.One potted plant costs ₹56 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. what buyers will pay
  3. 15
  4. 70
  5. 58
  6. 100
  7. 10
  8. 30
  9. 33
  10. 7
  11. a loss
  12. 40
  13. 12
  14. 20
  15. 33
  16. 29
  17. 5
  18. 72
  19. cost + a markup
  20. 1
  21. 3
  22. 30
  23. 20
  24. 42
  25. 50
  26. 15
  27. 11
  28. 10 rupees
  29. 22
  30. 11
  31. 20
  32. 11
  33. 55
  34. 2
  35. 20
  36. 75
  37. 100
  38. 22
  39. 50
  40. 70

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