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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 147 · 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) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  3. 3.One paper bookmark costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One cupcake costs ₹18 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹26 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹45 to make and Farhan sells it for ₹54. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹52 to make and Tara sells it for ₹65. What is the markup in percent?
  9. 9.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  10. 10.One handmade card costs ₹44 to make and Ananya sells it for ₹55. What is the markup in percent?
  11. 11.One handmade card costs ₹52 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹19 to make and Rohan sells it for ₹38. What is the markup in percent?
  14. 14.One paper bookmark costs ₹20 to make and Meera sells it for ₹30. What is the markup in percent?
  15. 15.One handmade card costs ₹60 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹35 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹34 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  19. 19.One cup of lemonade costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  20. 20.One friendship band costs ₹36 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹57 to make and Meera sells it for ₹114. What is the markup in percent?
  22. 22.One clay diya costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹44 to make and Kabir sells it for ₹66. What is the markup in percent?
  24. 24.One clay diya costs ₹54 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹24 to make and Diya sells it for ₹36. What is the markup in percent?
  26. 26.One jute bag costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  28. 28.One fruit cup costs ₹26 to make and Ishaan sells it for ₹39. What is the markup in percent?
  29. 29.One glass of chai costs ₹20 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹36 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹18 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹52 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  36. 36.One painted pebble costs ₹52 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹40 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹16 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹15 to make and Rohan sells it for ₹18. What is the markup in percent?
  40. 40.One friendship band costs ₹24 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 10 rupees
  3. 66
  4. 27
  5. 18
  6. 39
  7. 20
  8. 25
  9. cost + a markup
  10. 25
  11. 65
  12. 44
  13. 100
  14. 50
  15. 12
  16. 42
  17. 17
  18. a loss
  19. 10
  20. 45
  21. 100
  22. 11
  23. 50
  24. 108
  25. 50
  26. 1
  27. 20
  28. 50
  29. 5
  30. 72
  31. 1
  32. 27
  33. 65
  34. 4
  35. 20
  36. 78
  37. 50
  38. 4
  39. 20
  40. 36

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