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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 808 · 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 ₹55 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹44 to make and Kabir sells it for ₹55. What is the markup in percent?
  3. 3.One friendship band costs ₹35 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  5. 5.One painted pebble costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  6. 6.One potted plant costs ₹12 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  9. 9.One painted pebble costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹24 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹40 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  13. 13.One cupcake costs ₹52 to make and Ananya sells it for ₹65. What is the markup in percent?
  14. 14.One paper bookmark costs ₹56 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹25 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹42 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹32 to make and Vihaan sells it for ₹40. What is the markup in percent?
  19. 19.One painted pebble costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  22. 22.One paper bookmark costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  23. 23.One jute bag costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹55 to make and Ishaan sells it for ₹110. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹40 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  27. 27.One painted pebble costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹28 to make and Zoya sells it for ₹42. What is the markup in percent?
  29. 29.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  30. 30.One painted pebble costs ₹42 to make and Ananya sells it for ₹84. What is the markup in percent?
  31. 31.One glass of chai costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹44 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  34. 34.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  35. 35.One cup of lemonade costs ₹56 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹52 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹34 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹16 to make and Kavya sells it for ₹24. What is the markup in percent?

Answer key

  1. 55
  2. 25
  3. 7
  4. 25
  5. 10
  6. 6
  7. 20
  8. 10
  9. 24
  10. 30
  11. 20
  12. 10
  13. 25
  14. 84
  15. 5
  16. 21
  17. 2
  18. 25
  19. 6
  20. 11
  21. cost + a markup
  22. 20
  23. 55
  24. 100
  25. 4
  26. 10 rupees
  27. 10
  28. 50
  29. a loss
  30. 100
  31. 22
  32. 55
  33. 60
  34. what buyers will pay
  35. 14
  36. 78
  37. 66
  38. 11
  39. 68
  40. 50

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