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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 49 · 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 ₹24 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹59 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹58 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  5. 5.One clay diya costs ₹12 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹24 to make and Ishaan sells it for ₹30. What is the markup in percent?
  7. 7.One clay diya costs ₹14 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (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 painted pebble costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹26 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹24 to make and Kavya sells it for ₹36. What is the markup in percent?
  14. 14.One handmade card costs ₹35 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  18. 18.One friendship band costs ₹58 to make and Rohan sells it for ₹87. What is the markup in percent?
  19. 19.One jute bag costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One cupcake costs ₹36 to make and Vihaan sells it for ₹54. What is the markup in percent?
  22. 22.One jute bag costs ₹16 to make and Rohan sells it for ₹32. What is the markup in percent?
  23. 23.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  24. 24.One friendship band costs ₹44 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹25 to make and Tara sells it for ₹30. What is the markup in percent?
  26. 26.One paper bookmark costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹24 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  28. 28.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  29. 29.One handmade card costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  30. 30.One jute bag costs ₹20 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹50 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹52 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹23 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹44 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹40 to make and Kabir sells it for ₹48. What is the markup in percent?
  36. 36.One handmade card costs ₹26 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?

Answer key

  1. 30
  2. 118
  3. 29
  4. 10 rupees
  5. 3
  6. 25
  7. 21
  8. 33
  9. a loss
  10. 66
  11. 33
  12. 39
  13. 50
  14. 7
  15. 6
  16. 10
  17. 20
  18. 50
  19. 72
  20. 5
  21. 50
  22. 100
  23. cost + a markup
  24. 66
  25. 20
  26. 36
  27. 48
  28. what buyers will pay
  29. 10
  30. 4
  31. 25
  32. 13
  33. 23
  34. 11
  35. 20
  36. 52
  37. 44
  38. 44
  39. 5
  40. 10

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