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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 812 · 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 ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  2. 2.One fruit cup costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  4. 4.One cup of lemonade costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One handmade card costs ₹48 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹16 to make and Meera sells it for ₹32. What is the markup in percent?
  7. 7.One glass of chai costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  8. 8.One handmade card costs ₹28 to make and Arjun sells it for ₹35. What is the markup in percent?
  9. 9.One clay diya costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹24 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  12. 12.One clay diya costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  15. 15.One cupcake costs ₹35 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One potted plant costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹55 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹48 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  22. 22.One friendship band costs ₹26 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹12 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹28 to make and Ishaan sells it for ₹35. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹52 to make and Rohan sells it for ₹65. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹44 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹50 to make and Zoya sells it for ₹60. What is the markup in percent?
  28. 28.One glass of chai costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹52 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹36 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹20 to make and Meera sells it for ₹24. What is the markup in percent?
  37. 37.One jute bag costs ₹12 to make and Farhan sells it for ₹15. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹60 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹56 to make. Riya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 4
  3. a loss
  4. 4
  5. 60
  6. 100
  7. 10
  8. 25
  9. 44
  10. 100
  11. cost + a markup
  12. 20
  13. 18
  14. 10 rupees
  15. 7
  16. 66
  17. 12
  18. 11
  19. 60
  20. 1
  21. what buyers will pay
  22. 39
  23. 3
  24. 25
  25. 25
  26. 11
  27. 20
  28. 12
  29. 65
  30. 66
  31. 11
  32. 65
  33. 11
  34. 18
  35. 15
  36. 20
  37. 25
  38. 15
  39. 6
  40. 84

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