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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 559 · 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. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One jute bag costs ₹14 to make and Joseph sells it for ₹21. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  5. 5.One cup of lemonade costs ₹23 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One clay diya costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  7. 7.One clay diya costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  8. 8.One fruit cup costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹20 to make and Nisha sells it for ₹25. What is the markup in percent?
  10. 10.One cupcake costs ₹20 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹14 to make and Meera sells it for ₹21. What is the markup in percent?
  12. 12.One handmade card costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹12 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹30 to make and Joseph sells it for ₹45. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹24 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹30 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  20. 20.One fruit cup costs ₹56 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹28 to make and Kabir sells it for ₹35. What is the markup in percent?
  22. 22.One painted pebble costs ₹16 to make and Kavya sells it for ₹24. What is the markup in percent?
  23. 23.One cupcake costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹55 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹30 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹57 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹25 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  30. 30.One potted plant costs ₹55 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹45 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  33. 33.One cupcake costs ₹60 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹20 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹55 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹40 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹26 to make and Tara sells it for ₹52. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹50 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹55 to make. Tara adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 6
  2. 50
  3. a loss
  4. cost + a markup
  5. 46
  6. 10
  7. 10
  8. 3
  9. 25
  10. 2
  11. 50
  12. 22
  13. 66
  14. 15
  15. 50
  16. 30
  17. 3
  18. 12
  19. 10 rupees
  20. 84
  21. 25
  22. 50
  23. 15
  24. 3
  25. 66
  26. 45
  27. 6
  28. 114
  29. 20
  30. 110
  31. 9
  32. what buyers will pay
  33. 12
  34. 40
  35. 66
  36. 20
  37. 8
  38. 100
  39. 60
  40. 110

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