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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 861 · 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 ₹16 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  3. 3.One jute bag costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  4. 4.One fruit cup costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  5. 5.One friendship band costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹56 to make and Aarav sells it for ₹84. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹14 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹60 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  11. 11.One glass of chai costs ₹50 to make and Rohan sells it for ₹100. What is the markup in percent?
  12. 12.One clay diya costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  13. 13.One handmade card costs ₹32 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹20 to make and Dev sells it for ₹24. What is the markup in percent?
  15. 15.One glass of chai costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹28 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹36 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹47 to make and Ananya sells it for ₹94. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹32 to make and Riya sells it for ₹48. What is the markup in percent?
  21. 21.One handmade card costs ₹30 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹52 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹10 to make and Ishaan sells it for ₹12. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹20 to make and Dev sells it for ₹25. What is the markup in percent?
  25. 25.One potted plant costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹59 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹26 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹60 to make and Aarav sells it for ₹75. What is the markup in percent?
  29. 29.One clay diya costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  31. 31.One painted pebble costs ₹21 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  33. 33.One glass of chai costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹42 to make and Kabir sells it for ₹84. What is the markup in percent?
  35. 35.One jute bag costs ₹51 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹30 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  38. 38.One paper bookmark costs ₹12 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹42 to make and Ananya sells it for ₹84. What is the markup in percent?
  40. 40.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay

Answer key

  1. 20
  2. cost + a markup
  3. 50
  4. 25
  5. 10
  6. 50
  7. 20
  8. 7
  9. 15
  10. a loss
  11. 100
  12. 10
  13. 40
  14. 20
  15. 4
  16. 35
  17. 9
  18. 100
  19. 55
  20. 50
  21. 6
  22. 65
  23. 20
  24. 25
  25. 5
  26. 118
  27. 39
  28. 25
  29. 10
  30. 10 rupees
  31. 42
  32. 25
  33. 22
  34. 100
  35. 102
  36. 45
  37. 10
  38. 24
  39. 100
  40. what buyers will pay

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