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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 157 · 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) break-even (c) a profit (d) a loss
  2. 2.One fruit cup costs ₹40 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹56 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  5. 5.One painted pebble costs ₹14 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  8. 8.One potted plant costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  10. 10.One cupcake costs ₹44 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs ₹54 to make and Vihaan sells it for ₹81. What is the markup in percent?
  13. 13.One jute bag costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹16 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹28 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹52 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  19. 19.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  20. 20.One potted plant costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  22. 22.One paper bookmark costs ₹44 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  24. 24.One cupcake costs ₹45 to make and Arjun sells it for ₹54. What is the markup in percent?
  25. 25.One glass of chai costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹41 to make and Ishaan sells it for ₹82. What is the markup in percent?
  29. 29.One glass of chai costs ₹30 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹20 to make and Zoya sells it for ₹24. What is the markup in percent?
  31. 31.One handmade card costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹30 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹60 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  34. 34.One jute bag costs ₹35 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹12 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹39 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹56 to make and Kabir sells it for ₹70. What is the markup in percent?
  40. 40.One friendship band costs ₹22 to make and Rohan sells it for ₹33. What is the markup in percent?

Answer key

  1. a loss
  2. 44
  3. 70
  4. 10
  5. 7
  6. 35
  7. 10
  8. 5
  9. 10 rupees
  10. 11
  11. 6
  12. 50
  13. 1
  14. 4
  15. 48
  16. 56
  17. 65
  18. 66
  19. what buyers will pay
  20. 11
  21. cost + a markup
  22. 66
  23. 10
  24. 20
  25. 8
  26. 50
  27. 66
  28. 100
  29. 3
  30. 20
  31. 22
  32. 33
  33. 10
  34. 7
  35. 55
  36. 6
  37. 39
  38. 11
  39. 25
  40. 50

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