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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 825 · 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.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  2. 2.One cupcake costs ₹18 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  4. 4.One jute bag costs ₹36 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹60 to make and Rohan sells it for ₹120. What is the markup in percent?
  7. 7.One glass of chai costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  9. 9.One glass of chai costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹14 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹42 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹32 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹32 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹43 to make and Rohan sells it for ₹86. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹48 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹54 to make and Gurpreet sells it for ₹108. What is the markup in percent?
  20. 20.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  21. 21.One cup of lemonade costs ₹50 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹12 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹16 to make and Kabir sells it for ₹20. What is the markup in percent?
  24. 24.One potted plant costs ₹20 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹15 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹32 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹17 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹28 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹38 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹16 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹28 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹10 to make and Farhan sells it for ₹12. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹56 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹48 to make and Joseph sells it for ₹60. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹55 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹56 to make and Nisha sells it for ₹70. What is the markup in percent?
  37. 37.One handmade card costs ₹56 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹16 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹36 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹11 to make and Diya sells it for ₹22. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 36
  3. 10 rupees
  4. 45
  5. 7
  6. 100
  7. 10
  8. 20
  9. 10
  10. 21
  11. 21
  12. 40
  13. 40
  14. 100
  15. 24
  16. 12
  17. 4
  18. 55
  19. 100
  20. a loss
  21. 60
  22. 3
  23. 25
  24. 25
  25. 18
  26. 48
  27. 34
  28. 7
  29. 57
  30. 20
  31. 56
  32. 20
  33. 84
  34. 25
  35. 66
  36. 25
  37. 28
  38. 20
  39. 36
  40. 100

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