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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 836 · 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. Meera adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One bag of popcorn costs ₹34 to make and Rohan sells it for ₹51. What is the markup in percent?
  3. 3.One jute bag costs ₹40 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹46 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  7. 7.One fruit cup costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹31 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  10. 10.One handmade card costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹28 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹45 to make and Gurpreet sells it for ₹54. What is the markup in percent?
  17. 17.One cupcake costs ₹38 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹22 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹36 to make and Dev sells it for ₹45. What is the markup in percent?
  21. 21.One cupcake costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  22. 22.One friendship band costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹32 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹10 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹46 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  27. 27.One jute bag costs ₹39 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  29. 29.One potted plant costs ₹60 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹16 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One potted plant costs ₹15 to make and Tara sells it for ₹30. What is the markup in percent?
  33. 33.One clay diya costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹16 to make and Ishaan sells it for ₹24. What is the markup in percent?
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  36. 36.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  37. 37.One fruit cup costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  38. 38.One friendship band costs ₹45 to make and Tara sells it for ₹90. What is the markup in percent?
  39. 39.One jute bag costs ₹36 to make and Tara sells it for ₹45. What is the markup in percent?
  40. 40.One fruit cup costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?

Answer key

  1. 6
  2. 50
  3. 44
  4. 69
  5. 44
  6. what buyers will pay
  7. 44
  8. 31
  9. cost + a markup
  10. 45
  11. 66
  12. 72
  13. 50
  14. 11
  15. 14
  16. 20
  17. 38
  18. 66
  19. 44
  20. 25
  21. 10
  22. 11
  23. 16
  24. 15
  25. 23
  26. 20
  27. 39
  28. 10
  29. 6
  30. 24
  31. 6
  32. 100
  33. 33
  34. 50
  35. 10 rupees
  36. a loss
  37. 20
  38. 100
  39. 25
  40. 10

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