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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 610 · 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 ₹42 to make and Diya sells it for ₹63. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  3. 3.One glass of chai costs ₹52 to make and Kabir sells it for ₹78. What is the markup in percent?
  4. 4.One friendship band costs ₹58 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹36 to make and Riya sells it for ₹54. What is the markup in percent?
  7. 7.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  8. 8.One potted plant costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  9. 9.One fruit cup costs ₹24 to make and Kavya sells it for ₹30. What is the markup in percent?
  10. 10.One paper bookmark costs ₹40 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  12. 12.One paper bookmark costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹24 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹60 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One fruit cup costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹37 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  18. 18.One handmade card costs ₹51 to make and Gurpreet sells it for ₹102. What is the markup in percent?
  19. 19.One cupcake costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹56 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹15 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  23. 23.One painted pebble costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  24. 24.One paper bookmark costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹22 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹20 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹57 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  29. 29.One handmade card costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹20 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹40 to make and Aarav sells it for ₹48. What is the markup in percent?
  32. 32.One glass of chai costs ₹44 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹50 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹24 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹34 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹40 to make and Ishaan sells it for ₹50. What is the markup in percent?
  37. 37.One handmade card costs ₹27 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹40 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹60 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹32 to make and Meera sells it for ₹40. What is the markup in percent?

Answer key

  1. 50
  2. a loss
  3. 50
  4. 29
  5. 66
  6. 50
  7. cost + a markup
  8. 10
  9. 25
  10. 48
  11. what buyers will pay
  12. 6
  13. 30
  14. 72
  15. 11
  16. 37
  17. 10
  18. 100
  19. 30
  20. 56
  21. 3
  22. 10 rupees
  23. 10
  24. 44
  25. 11
  26. 40
  27. 57
  28. 25
  29. 24
  30. 24
  31. 20
  32. 22
  33. 60
  34. 12
  35. 51
  36. 25
  37. 27
  38. 10
  39. 12
  40. 25

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