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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 654 · 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 ₹32 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹38 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  7. 7.One paper bookmark costs ₹14 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  9. 9.One cupcake costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  10. 10.One jute bag costs ₹41 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹16 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹19 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹30 to make and Kavya sells it for ₹60. What is the markup in percent?
  16. 16.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  17. 17.One jute bag costs ₹36 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹36 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  20. 20.One paper bookmark costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹30 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹52 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹56 to make and Kavya sells it for ₹84. What is the markup in percent?
  25. 25.One potted plant costs ₹48 to make and Nisha sells it for ₹60. What is the markup in percent?
  26. 26.One fruit cup costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  27. 27.One glass of chai costs ₹46 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹30 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹39 to make and Tara sells it for ₹78. What is the markup in percent?
  30. 30.One jute bag costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  31. 31.One jute bag costs ₹45 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  33. 33.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  34. 34.One friendship band costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹20 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹52 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹40 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹38 to make and Kabir sells it for ₹57. What is the markup in percent?
  40. 40.One friendship band costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?

Answer key

  1. 8
  2. 48
  3. 76
  4. 60
  5. 48
  6. 10
  7. 21
  8. cost + a markup
  9. 10
  10. 41
  11. 24
  12. 38
  13. 55
  14. 4
  15. 100
  16. a loss
  17. 36
  18. 9
  19. 10
  20. 3
  21. 30
  22. 44
  23. 65
  24. 50
  25. 25
  26. 10
  27. 92
  28. 6
  29. 100
  30. 25
  31. 9
  32. what buyers will pay
  33. 10 rupees
  34. 24
  35. 10
  36. 5
  37. 52
  38. 8
  39. 50
  40. 10

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