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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 61 · 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.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  2. 2.One friendship band costs ₹24 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹60 to make and Rohan sells it for ₹90. What is the markup in percent?
  4. 4.One paper bookmark costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  5. 5.One cupcake costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  6. 6.One fruit cup costs ₹40 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One bag of popcorn costs ₹45 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  9. 9.One potted plant costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹16 to make and Rohan sells it for ₹24. What is the markup in percent?
  11. 11.One potted plant costs ₹30 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹60 to make and Ananya sells it for ₹120. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹38 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹20 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹58 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One bag of popcorn costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  20. 20.One fruit cup costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  21. 21.One painted pebble costs ₹13 to make and Kabir sells it for ₹26. What is the markup in percent?
  22. 22.One potted plant costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹40 to make and Kabir sells it for ₹48. What is the markup in percent?
  24. 24.One fruit cup costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹56 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  27. 27.One handmade card costs ₹57 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹14 to make and Lakshmi sells it for ₹21. What is the markup in percent?
  29. 29.One fruit cup costs ₹39 to make and Aarav sells it for ₹78. What is the markup in percent?
  30. 30.One cupcake costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  32. 32.One bag of popcorn costs ₹28 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹18 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹52 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹55 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹12 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹35 to make and Dev sells it for ₹42. What is the markup in percent?
  39. 39.One painted pebble costs ₹30 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹53 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 6
  3. 50
  4. 10
  5. 10
  6. 40
  7. 54
  8. cost + a markup
  9. 66
  10. 50
  11. 30
  12. 100
  13. 7
  14. 72
  15. 19
  16. 25
  17. 11
  18. 29
  19. 10
  20. 10
  21. 100
  22. 4
  23. 20
  24. 36
  25. 14
  26. what buyers will pay
  27. 57
  28. 50
  29. 100
  30. 2
  31. 10 rupees
  32. 35
  33. 66
  34. 27
  35. 13
  36. 11
  37. 15
  38. 20
  39. 15
  40. 106

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