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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 409 · 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 paper bookmark costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹33 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One cupcake costs ₹52 to make and Tara sells it for ₹65. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹50 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  10. 10.One bag of popcorn costs ₹14 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  12. 12.One glass of chai costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  13. 13.One friendship band costs ₹20 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  15. 15.One paper bookmark costs ₹60 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹60 to make and Kabir sells it for ₹72. What is the markup in percent?
  17. 17.One handmade card costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹28 to make and Nisha sells it for ₹35. What is the markup in percent?
  19. 19.One jute bag costs ₹14 to make and Saanvi sells it for ₹21. What is the markup in percent?
  20. 20.One cupcake costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹26 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹45 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹18 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  25. 25.One friendship band costs ₹36 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹26 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  28. 28.One fruit cup costs ₹60 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹60 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  32. 32.One friendship band costs ₹28 to make and Gurpreet sells it for ₹35. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹28 to make and Zoya sells it for ₹42. What is the markup in percent?
  34. 34.One glass of chai costs ₹22 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹45 to make and Saanvi sells it for ₹54. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹40 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹12 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹12 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹44 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  40. 40.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees

Answer key

  1. 12
  2. 66
  3. 10
  4. 6
  5. 72
  6. 66
  7. 25
  8. 10
  9. a loss
  10. 21
  11. 10
  12. 10
  13. 5
  14. what buyers will pay
  15. 15
  16. 20
  17. 11
  18. 25
  19. 50
  20. 55
  21. 39
  22. 9
  23. 9
  24. 10
  25. 9
  26. 26
  27. cost + a markup
  28. 72
  29. 75
  30. 33
  31. 10
  32. 25
  33. 50
  34. 33
  35. 20
  36. 50
  37. 3
  38. 15
  39. 55
  40. 10 rupees

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