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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 77 · 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 ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One jute bag costs ₹15 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹44 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹60 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹32 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹38 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  8. 8.One bag of popcorn costs ₹21 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  10. 10.One potted plant costs ₹16 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹48 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  15. 15.One bag of popcorn costs ₹10 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹48 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹32 to make and Saanvi sells it for ₹48. What is the markup in percent?
  19. 19.One paper bookmark costs ₹50 to make and Arjun sells it for ₹60. What is the markup in percent?
  20. 20.One jute bag costs ₹24 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹32 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹58 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One jute bag costs ₹10 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  25. 25.One glass of chai costs ₹51 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One clay diya costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹28 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹12 to make and Joseph sells it for ₹15. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹10 to make and Farhan sells it for ₹20. What is the markup in percent?
  32. 32.One handmade card costs ₹18 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹59 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹52 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹48 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹32 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  38. 38.One clay diya costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹20 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹36 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 42
  2. 18
  3. 11
  4. 12
  5. 16
  6. 57
  7. 10 rupees
  8. 42
  9. cost + a markup
  10. 4
  11. 22
  12. 24
  13. 11
  14. a loss
  15. 12
  16. 11
  17. 96
  18. 50
  19. 20
  20. 30
  21. 16
  22. 87
  23. 2
  24. 20
  25. 51
  26. 66
  27. 35
  28. 12
  29. 25
  30. 22
  31. 100
  32. 9
  33. 59
  34. 13
  35. 48
  36. 8
  37. what buyers will pay
  38. 4
  39. 30
  40. 36

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