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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 494 · 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 ₹10 to make and Lakshmi sells it for ₹12. What is the markup in percent?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  3. 3.One jute bag costs ₹30 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹20 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One cupcake costs ₹32 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹58 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹53 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹60 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  10. 10.One glass of chai costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  12. 12.One cupcake costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  13. 13.One cupcake costs ₹17 to make and Ishaan sells it for ₹34. What is the markup in percent?
  14. 14.One clay diya costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹17 to make and Ishaan sells it for ₹34. What is the markup in percent?
  16. 16.One paper bookmark costs ₹19 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One bag of popcorn costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹24 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹24 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹60 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One friendship band costs ₹20 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹20 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  25. 25.One jute bag costs ₹42 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹35 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  28. 28.One paper bookmark costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  29. 29.One fruit cup costs ₹16 to make and Kabir sells it for ₹20. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹20 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹27 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹34 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹40 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹34 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹56 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹11 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹49 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹30 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 10 rupees
  3. 33
  4. 10
  5. 40
  6. 87
  7. 53
  8. 12
  9. what buyers will pay
  10. 14
  11. a loss
  12. 10
  13. 100
  14. 3
  15. 100
  16. 38
  17. 10
  18. 30
  19. 48
  20. 12
  21. 33
  22. 40
  23. 10
  24. cost + a markup
  25. 21
  26. 42
  27. 20
  28. 10
  29. 25
  30. 5
  31. 27
  32. 17
  33. 50
  34. 30
  35. 68
  36. 72
  37. 112
  38. 22
  39. 98
  40. 60

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