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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 134 · 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.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  2. 2.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  3. 3.One bag of popcorn costs ₹12 to make and Joseph sells it for ₹15. What is the markup in percent?
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  5. 5.One fruit cup costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One cupcake costs ₹59 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹10 to make and Arjun sells it for ₹15. What is the markup in percent?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  9. 9.One cup of lemonade costs ₹16 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹35 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cupcake costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs ₹45 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  13. 13.One glass of chai costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹32 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹12 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹36 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹19 to make and Ananya sells it for ₹38. What is the markup in percent?
  19. 19.One glass of chai costs ₹25 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹20 to make and Zoya sells it for ₹40. What is the markup in percent?
  21. 21.One painted pebble costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹22 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  24. 24.One potted plant costs ₹26 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹16 to make and Nisha sells it for ₹32. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹12 to make and Arjun sells it for ₹15. What is the markup in percent?
  28. 28.One handmade card costs ₹21 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹30 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹42 to make and Nisha sells it for ₹63. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹53 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  33. 33.One jute bag costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹28 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹20 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹44 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹28 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹44 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹50 to make and Zoya sells it for ₹100. What is the markup in percent?
  40. 40.One glass of chai costs ₹40 to make. Tara adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. a loss
  3. 25
  4. cost + a markup
  5. 20
  6. 118
  7. 50
  8. 10 rupees
  9. 32
  10. 42
  11. 2
  12. 20
  13. 55
  14. 16
  15. 33
  16. 3
  17. 54
  18. 100
  19. 25
  20. 100
  21. 10
  22. 11
  23. 10
  24. 52
  25. 72
  26. 100
  27. 25
  28. 21
  29. 6
  30. 50
  31. 106
  32. 10
  33. 5
  34. 42
  35. 30
  36. 66
  37. 42
  38. 55
  39. 100
  40. 50

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