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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 724 · 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 ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  3. 3.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  4. 4.One paper bookmark costs ₹46 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  6. 6.One cupcake costs ₹40 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹30 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹15 to make and Joseph sells it for ₹30. What is the markup in percent?
  10. 10.One jute bag costs ₹20 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹12 to make and Ishaan sells it for ₹15. What is the markup in percent?
  12. 12.One handmade card costs ₹26 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹45 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One fruit cup costs ₹60 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹10 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹20 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹38 to make and Zoya sells it for ₹76. What is the markup in percent?
  19. 19.One fruit cup costs ₹12 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹15 to make and Kabir sells it for ₹30. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹46 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹40 to make and Vihaan sells it for ₹48. What is the markup in percent?
  27. 27.One glass of chai costs ₹50 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹13 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹44 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹52 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹44 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹22 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  37. 37.One paper bookmark costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  39. 39.One fruit cup costs ₹40 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 1
  2. 10 rupees
  3. what buyers will pay
  4. 69
  5. cost + a markup
  6. 50
  7. 60
  8. 11
  9. 100
  10. 25
  11. 25
  12. 52
  13. 9
  14. 15
  15. 2
  16. 22
  17. 18
  18. 100
  19. 24
  20. 100
  21. 1
  22. 23
  23. 4
  24. 10
  25. 7
  26. 20
  27. 10
  28. 13
  29. 66
  30. 78
  31. 11
  32. 55
  33. 6
  34. 10
  35. 11
  36. a loss
  37. 33
  38. 10
  39. 8
  40. 11

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