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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 923 · 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 ₹12 to make and Joseph sells it for ₹18. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  3. 3.One handmade card costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹34 to make and Aarav sells it for ₹68. What is the markup in percent?
  5. 5.One handmade card costs ₹32 to make and Aarav sells it for ₹40. What is the markup in percent?
  6. 6.One glass of chai costs ₹20 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  8. 8.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  9. 9.One potted plant costs ₹40 to make and Riya sells it for ₹48. What is the markup in percent?
  10. 10.One clay diya costs ₹18 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹41 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  13. 13.One paper bookmark costs ₹50 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  15. 15.One cupcake costs ₹20 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹14 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹60 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹36 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹16 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  21. 21.One glass of chai costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹24 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹20 to make and Meera sells it for ₹25. What is the markup in percent?
  26. 26.One friendship band costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹12 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹20 to make and Nisha sells it for ₹30. What is the markup in percent?
  30. 30.One paper bookmark costs ₹15 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  32. 32.One friendship band costs ₹56 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹24 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹45 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹25 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹15 to make and Nisha sells it for ₹30. What is the markup in percent?
  39. 39.One painted pebble costs ₹48 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹55 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 50
  2. a loss
  3. 33
  4. 100
  5. 25
  6. 5
  7. 10 rupees
  8. what buyers will pay
  9. 20
  10. 18
  11. 82
  12. 20
  13. 100
  14. 10
  15. 5
  16. 21
  17. 90
  18. 72
  19. 8
  20. 10
  21. 10
  22. 12
  23. 66
  24. 66
  25. 25
  26. 1
  27. 3
  28. 12
  29. 50
  30. 18
  31. cost + a markup
  32. 112
  33. 35
  34. 48
  35. 5
  36. 90
  37. 50
  38. 100
  39. 48
  40. 110

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