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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 708 · 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) the weather only (c) nothing else (d) what buyers will pay
  2. 2.One handmade card costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹52 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  5. 5.One friendship band costs ₹10 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹35 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹12 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹40 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹52 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹20 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹25 to make and Riya sells it for ₹30. What is the markup in percent?
  17. 17.One glass of chai costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹10 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹40 to make and Dev sells it for ₹50. What is the markup in percent?
  21. 21.One fruit cup costs ₹15 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?
  23. 23.One glass of chai costs ₹30 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹60 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  26. 26.One painted pebble costs ₹15 to make and Aarav sells it for ₹18. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹28 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹35 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹28 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹13 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹40 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  36. 36.One potted plant costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹14 to make and Ishaan sells it for ₹28. What is the markup in percent?
  38. 38.One potted plant costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹18 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹24 to make and Meera sells it for ₹30. What is the markup in percent?

Answer key

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

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