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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 13 · 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 price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  3. 3.One handmade card costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  5. 5.One paper bookmark costs ₹40 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹35 to make and Zoya sells it for ₹42. What is the markup in percent?
  7. 7.One potted plant costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹30 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹48 to make and Diya sells it for ₹72. What is the markup in percent?
  12. 12.One clay diya costs ₹24 to make and Kabir sells it for ₹30. What is the markup in percent?
  13. 13.One potted plant costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹35 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹50 to make and Vihaan sells it for ₹75. What is the markup in percent?
  16. 16.One jute bag costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  17. 17.One paper bookmark costs ₹10 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹48 to make and Farhan sells it for ₹60. What is the markup in percent?
  19. 19.One jute bag costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹19 to make and Rohan sells it for ₹38. What is the markup in percent?
  23. 23.One glass of chai costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹50 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  27. 27.One fruit cup costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  28. 28.One fruit cup costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  30. 30.One paper bookmark costs ₹56 to make and Zoya sells it for ₹70. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹22 to make and Ananya sells it for ₹44. What is the markup in percent?
  32. 32.One jute bag costs ₹60 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹48 to make and Rohan sells it for ₹60. What is the markup in percent?
  34. 34.One clay diya costs ₹54 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹36 to make and Ananya sells it for ₹45. What is the markup in percent?
  36. 36.One glass of chai costs ₹44 to make and Nisha sells it for ₹66. What is the markup in percent?
  37. 37.One handmade card costs ₹48 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹28 to make and Diya sells it for ₹42. What is the markup in percent?
  39. 39.One handmade card costs ₹39 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹28 to make. Tara adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. what buyers will pay
  3. 11
  4. cost + a markup
  5. 40
  6. 20
  7. 9
  8. 44
  9. 45
  10. 10
  11. 50
  12. 25
  13. 10
  14. 7
  15. 50
  16. 10
  17. 1
  18. 25
  19. 60
  20. 44
  21. 11
  22. 100
  23. 66
  24. 25
  25. 11
  26. 10
  27. 10
  28. 20
  29. 25
  30. 25
  31. 100
  32. 12
  33. 25
  34. 27
  35. 25
  36. 50
  37. 24
  38. 50
  39. 39
  40. 42

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