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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 932 · 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 ₹48 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  3. 3.One cup of lemonade costs ₹16 to make and Joseph sells it for ₹20. What is the markup in percent?
  4. 4.One cupcake costs ₹10 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  6. 6.One jute bag costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?
  7. 7.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  8. 8.One paper bookmark costs ₹55 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One fruit cup costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹43 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  12. 12.One fruit cup costs ₹18 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One fruit cup costs ₹29 to make and Meera sells it for ₹58. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹58 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹14 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹35 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  19. 19.One potted plant costs ₹30 to make and Tara sells it for ₹36. What is the markup in percent?
  20. 20.One paper bookmark costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹10 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹28 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹19 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹48 to make and Farhan sells it for ₹60. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹12 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹60 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹50 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹33 to make and Tara sells it for ₹66. What is the markup in percent?
  31. 31.One clay diya costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?
  32. 32.One glass of chai costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  33. 33.One jute bag costs ₹60 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  34. 34.One clay diya costs ₹30 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?
  36. 36.One paper bookmark costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  37. 37.One friendship band costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹56 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹20 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹25 to make and Ananya sells it for ₹30. What is the markup in percent?

Answer key

  1. 12
  2. a loss
  3. 25
  4. 12
  5. 10 rupees
  6. 25
  7. cost + a markup
  8. 66
  9. 28
  10. 43
  11. 10
  12. 9
  13. 33
  14. 100
  15. 116
  16. 28
  17. 7
  18. what buyers will pay
  19. 20
  20. 42
  21. 10
  22. 12
  23. 7
  24. 19
  25. 25
  26. 18
  27. 24
  28. 90
  29. 60
  30. 100
  31. 25
  32. 20
  33. 20
  34. 45
  35. 10
  36. 10
  37. 44
  38. 14
  39. 5
  40. 20

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