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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 888 · 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.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  2. 2.One bag of popcorn costs ₹14 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹32 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One painted pebble costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹36 to make and Kabir sells it for ₹54. What is the markup in percent?
  6. 6.One jute bag costs ₹31 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One cupcake costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  9. 9.One cup of lemonade costs ₹44 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹38 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One cupcake costs ₹56 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  14. 14.One painted pebble costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  15. 15.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  16. 16.One glass of chai costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  17. 17.One friendship band costs ₹45 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹20 to make and Kabir sells it for ₹30. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹18 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹60 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One painted pebble costs ₹29 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹54 to make and Ananya sells it for ₹108. What is the markup in percent?
  23. 23.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  24. 24.One handmade card costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  25. 25.One friendship band costs ₹60 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  28. 28.One cupcake costs ₹55 to make and Aarav sells it for ₹66. What is the markup in percent?
  29. 29.One fruit cup costs ₹52 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹40 to make and Kavya sells it for ₹48. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹19 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹50 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹44 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹14 to make and Zoya sells it for ₹21. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹22 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  37. 37.One potted plant costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹46 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹40 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 10 rupees
  2. 7
  3. 40
  4. 12
  5. 50
  6. 62
  7. 25
  8. what buyers will pay
  9. 11
  10. 57
  11. 70
  12. 1
  13. 10
  14. 10
  15. a loss
  16. 20
  17. 9
  18. 50
  19. 36
  20. 66
  21. 58
  22. 100
  23. cost + a markup
  24. 10
  25. 15
  26. 2
  27. 10
  28. 20
  29. 52
  30. 20
  31. 19
  32. 10
  33. 88
  34. 50
  35. 11
  36. 10
  37. 22
  38. 4
  39. 23
  40. 20

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