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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 556 · 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 ₹60 to make and Dev sells it for ₹75. What is the markup in percent?
  2. 2.One bag of popcorn costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹60 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  5. 5.One painted pebble costs ₹16 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹55 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  8. 8.One cup of lemonade costs ₹55 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  10. 10.One cup of lemonade costs ₹60 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹56 to make and Kabir sells it for ₹84. What is the markup in percent?
  13. 13.One paper bookmark costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹16 to make and Riya sells it for ₹20. What is the markup in percent?
  17. 17.One friendship band costs ₹22 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹27 to make and Meera sells it for ₹54. What is the markup in percent?
  20. 20.One clay diya costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  22. 22.One potted plant costs ₹47 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  24. 24.One jute bag costs ₹55 to make and Joseph sells it for ₹66. What is the markup in percent?
  25. 25.One paper bookmark costs ₹50 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹36 to make and Meera sells it for ₹54. What is the markup in percent?
  27. 27.One clay diya costs ₹44 to make and Meera sells it for ₹66. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹22 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹28 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹56 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  33. 33.One friendship band costs ₹55 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹59 to make and Rohan sells it for ₹118. What is the markup in percent?
  35. 35.One paper bookmark costs ₹25 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹41 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹60 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹49 to make and Ananya sells it for ₹98. What is the markup in percent?

Answer key

  1. 25
  2. 30
  3. 60
  4. what buyers will pay
  5. 20
  6. 110
  7. 10 rupees
  8. 110
  9. a loss
  10. 15
  11. 3
  12. 50
  13. 20
  14. 11
  15. 5
  16. 25
  17. 44
  18. 18
  19. 100
  20. 2
  21. cost + a markup
  22. 94
  23. 10
  24. 20
  25. 10
  26. 50
  27. 50
  28. 33
  29. 42
  30. 14
  31. 10
  32. 10
  33. 66
  34. 100
  35. 5
  36. 33
  37. 72
  38. 82
  39. 72
  40. 100

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