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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 950 · 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 handmade card costs ₹31 to make and Zoya sells it for ₹62. What is the markup in percent?
  2. 2.One paper bookmark costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹20 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  5. 5.One bag of popcorn costs ₹40 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One bag of popcorn costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  8. 8.One bag of popcorn costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  9. 9.One fruit cup costs ₹48 to make and Ishaan sells it for ₹72. What is the markup in percent?
  10. 10.One painted pebble costs ₹45 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹40 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹45 to make and Farhan sells it for ₹54. What is the markup in percent?
  13. 13.One clay diya costs ₹40 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹24 to make and Arjun sells it for ₹36. What is the markup in percent?
  15. 15.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  16. 16.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  17. 17.One cupcake costs ₹40 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹52 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹39 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹48 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹42 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹31 to make and Ananya sells it for ₹62. What is the markup in percent?
  26. 26.One friendship band costs ₹18 to make and Dev sells it for ₹36. What is the markup in percent?
  27. 27.One painted pebble costs ₹10 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  30. 30.One jute bag costs ₹50 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹25 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹16 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹56 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹12 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹48 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹30 to make and Ishaan sells it for ₹45. What is the markup in percent?
  39. 39.One cupcake costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 100
  2. 3
  3. 5
  4. 10 rupees
  5. 48
  6. 33
  7. what buyers will pay
  8. 10
  9. 50
  10. 9
  11. 50
  12. 20
  13. 10
  14. 50
  15. cost + a markup
  16. a loss
  17. 50
  18. 104
  19. 78
  20. 24
  21. 10
  22. 6
  23. 66
  24. 63
  25. 100
  26. 100
  27. 12
  28. 1
  29. 10
  30. 25
  31. 5
  32. 20
  33. 14
  34. 12
  35. 72
  36. 22
  37. 42
  38. 50
  39. 2
  40. 2

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