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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 665 · 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.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  2. 2.One handmade card costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹54 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  5. 5.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  6. 6.One bag of popcorn costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹54 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹18 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  11. 11.One handmade card costs ₹10 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹51 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹20 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹36 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹20 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹25 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?
  22. 22.One painted pebble costs ₹60 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹13 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹28 to make and Riya sells it for ₹56. What is the markup in percent?
  25. 25.One friendship band costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹25 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹12 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹45 to make and Diya sells it for ₹54. What is the markup in percent?
  29. 29.One cupcake costs ₹40 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹45 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  34. 34.One painted pebble costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹56 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹12 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹24 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹16 to make and Rohan sells it for ₹24. What is the markup in percent?
  39. 39.One paper bookmark costs ₹34 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹28 to make. Dev adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 66
  3. 81
  4. 10 rupees
  5. a loss
  6. 5
  7. 27
  8. 27
  9. 55
  10. 10
  11. 2
  12. 102
  13. 66
  14. 25
  15. 2
  16. 4
  17. 8
  18. 54
  19. 5
  20. 30
  21. 10
  22. 12
  23. 13
  24. 100
  25. 1
  26. 30
  27. 18
  28. 20
  29. 60
  30. 54
  31. 10
  32. 10
  33. 20
  34. 2
  35. 84
  36. 6
  37. 30
  38. 50
  39. 34
  40. 35

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