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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 63 · 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) break-even (c) free stock (d) a loss
  2. 2.One paper bookmark costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹40 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹58 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One painted pebble costs ₹44 to make and Saanvi sells it for ₹66. What is the markup in percent?
  6. 6.One paper bookmark costs ₹25 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹26 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹38 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  10. 10.One friendship band costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  12. 12.One cup of lemonade costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹16 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  16. 16.One handmade card costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹15 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹54 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹28 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹44 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹50 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹47 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹40 to make and Vihaan sells it for ₹80. What is the markup in percent?
  24. 24.One painted pebble costs ₹11 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹30 to make and Kabir sells it for ₹60. What is the markup in percent?
  26. 26.One jute bag costs ₹40 to make and Tara sells it for ₹48. What is the markup in percent?
  27. 27.One cupcake costs ₹56 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹20 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹56 to make and Tara sells it for ₹70. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹60 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹48 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One potted plant costs ₹38 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹40 to make and Kabir sells it for ₹48. What is the markup in percent?
  35. 35.One potted plant costs ₹53 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹52 to make and Dev sells it for ₹65. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹41 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹56 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹60 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 10
  3. 50
  4. 87
  5. 50
  6. 50
  7. 39
  8. 19
  9. 10 rupees
  10. 4
  11. what buyers will pay
  12. 66
  13. 66
  14. 8
  15. cost + a markup
  16. 30
  17. 30
  18. 27
  19. 7
  20. 55
  21. 75
  22. 94
  23. 100
  24. 22
  25. 100
  26. 20
  27. 70
  28. 5
  29. 25
  30. 90
  31. 12
  32. 19
  33. 4
  34. 20
  35. 106
  36. 25
  37. 41
  38. 112
  39. 6
  40. 72

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