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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 921 · 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 ₹25 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  3. 3.One paper bookmark costs ₹35 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹15 to make and Nisha sells it for ₹18. What is the markup in percent?
  7. 7.One paper bookmark costs ₹12 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  10. 10.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  11. 11.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  12. 12.One glass of chai costs ₹50 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹44 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹42 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹32 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹24 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹60 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹45 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹16 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹48 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹16 to make and Kavya sells it for ₹32. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹30 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹40 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹24 to make and Riya sells it for ₹30. What is the markup in percent?
  32. 32.One handmade card costs ₹58 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹12 to make and Saanvi sells it for ₹15. What is the markup in percent?
  34. 34.One paper bookmark costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  35. 35.One handmade card costs ₹20 to make and Aarav sells it for ₹30. What is the markup in percent?
  36. 36.One paper bookmark costs ₹20 to make and Kabir sells it for ₹30. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹15 to make and Arjun sells it for ₹18. What is the markup in percent?
  39. 39.One jute bag costs ₹52 to make and Diya sells it for ₹65. What is the markup in percent?
  40. 40.One friendship band costs ₹12 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 5
  2. what buyers will pay
  3. 7
  4. 48
  5. 2
  6. 20
  7. 18
  8. 22
  9. 10 rupees
  10. cost + a markup
  11. a loss
  12. 75
  13. 66
  14. 33
  15. 21
  16. 2
  17. 64
  18. 30
  19. 66
  20. 12
  21. 45
  22. 33
  23. 3
  24. 4
  25. 10
  26. 60
  27. 100
  28. 60
  29. 6
  30. 10
  31. 25
  32. 58
  33. 25
  34. 10
  35. 50
  36. 50
  37. 20
  38. 20
  39. 25
  40. 6

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