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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 791 · 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 and Gurpreet sells it for ₹40. What is the markup in percent?
  2. 2.One paper bookmark costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One painted pebble costs ₹10 to make and Arjun sells it for ₹12. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  5. 5.One bag of popcorn costs ₹48 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹20 to make and Arjun sells it for ₹24. What is the markup in percent?
  7. 7.One cupcake costs ₹45 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹55 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹30 to make and Kavya sells it for ₹60. What is the markup in percent?
  11. 11.One handmade card costs ₹30 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  13. 13.One jute bag costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  14. 14.One glass of chai costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  17. 17.One handmade card costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹29 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  20. 20.One potted plant costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  21. 21.One fruit cup costs ₹16 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹10 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹24 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹28 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹12 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹54 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹48 to make and Vihaan sells it for ₹60. What is the markup in percent?
  28. 28.One glass of chai costs ₹25 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹46 to make and Vihaan sells it for ₹69. What is the markup in percent?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  31. 31.One bag of popcorn costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹20 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹28 to make and Tara sells it for ₹56. What is the markup in percent?
  34. 34.One potted plant costs ₹39 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹16 to make and Meera sells it for ₹32. What is the markup in percent?
  36. 36.One jute bag costs ₹26 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹26 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹30 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹14 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹48 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 25
  2. 11
  3. 20
  4. what buyers will pay
  5. 48
  6. 20
  7. 45
  8. 66
  9. 55
  10. 100
  11. 6
  12. a loss
  13. 10
  14. 4
  15. 66
  16. cost + a markup
  17. 2
  18. 58
  19. 10
  20. 10
  21. 4
  22. 2
  23. 12
  24. 7
  25. 15
  26. 54
  27. 25
  28. 5
  29. 50
  30. 10 rupees
  31. 11
  32. 4
  33. 100
  34. 78
  35. 100
  36. 26
  37. 39
  38. 15
  39. 28
  40. 12

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