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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 140 · 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) break-even (b) a loss (c) a profit (d) free stock
  2. 2.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  3. 3.One friendship band costs ₹25 to make and Farhan sells it for ₹30. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  5. 5.One friendship band costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  6. 6.One potted plant costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  11. 11.One paper bookmark costs ₹51 to make and Aarav sells it for ₹102. What is the markup in percent?
  12. 12.One painted pebble costs ₹51 to make and Gurpreet sells it for ₹102. What is the markup in percent?
  13. 13.One painted pebble costs ₹50 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹44 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹48 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹29 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹36 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹15 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹35 to make and Kavya sells it for ₹42. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹44 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹18 to make and Meera sells it for ₹27. What is the markup in percent?
  23. 23.One handmade card costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹47 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One potted plant costs ₹12 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  28. 28.One friendship band costs ₹16 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹40 to make and Aarav sells it for ₹60. What is the markup in percent?
  30. 30.One cupcake costs ₹55 to make and Saanvi sells it for ₹66. What is the markup in percent?
  31. 31.One potted plant costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹36 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹36 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹32 to make and Meera sells it for ₹40. What is the markup in percent?
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  36. 36.One glass of chai costs ₹28 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹30 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹56 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. cost + a markup
  3. 20
  4. what buyers will pay
  5. 10
  6. 20
  7. 4
  8. 66
  9. 44
  10. 10
  11. 100
  12. 100
  13. 10
  14. 44
  15. 96
  16. 29
  17. 54
  18. 55
  19. 3
  20. 20
  21. 44
  22. 50
  23. 4
  24. 47
  25. 12
  26. 10
  27. 10
  28. 4
  29. 50
  30. 20
  31. 45
  32. 45
  33. 72
  34. 25
  35. 10 rupees
  36. 7
  37. 36
  38. 4
  39. 84
  40. 11

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