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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 158 · 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.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  2. 2.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  4. 4.One cup of lemonade costs ₹11 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹57 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹34 to make and Ishaan sells it for ₹51. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹40 to make and Zoya sells it for ₹60. What is the markup in percent?
  8. 8.One cupcake costs ₹32 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  10. 10.One paper bookmark costs ₹50 to make and Lakshmi sells it for ₹75. What is the markup in percent?
  11. 11.One clay diya costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹42 to make and Ishaan sells it for ₹84. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹12 to make and Tara sells it for ₹15. What is the markup in percent?
  14. 14.One cupcake costs ₹30 to make and Dev sells it for ₹36. What is the markup in percent?
  15. 15.One fruit cup costs ₹40 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹43 to make and Ananya sells it for ₹86. What is the markup in percent?
  17. 17.One paper bookmark costs ₹50 to make and Meera sells it for ₹75. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹40 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  20. 20.One cupcake costs ₹30 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹39 to make and Rohan sells it for ₹78. What is the markup in percent?
  22. 22.One painted pebble costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?
  23. 23.One friendship band costs ₹22 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹40 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹56 to make and Ananya sells it for ₹70. What is the markup in percent?
  26. 26.One glass of chai costs ₹20 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹16 to make and Arjun sells it for ₹24. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹16 to make and Nisha sells it for ₹20. What is the markup in percent?
  29. 29.One fruit cup costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One clay diya costs ₹35 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹20 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹20 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹30 to make and Ananya sells it for ₹36. What is the markup in percent?
  36. 36.One potted plant costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹36 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  40. 40.One clay diya costs ₹17 to make. Tara adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. what buyers will pay
  3. 10 rupees
  4. 22
  5. 57
  6. 50
  7. 50
  8. 32
  9. a loss
  10. 50
  11. 11
  12. 100
  13. 25
  14. 20
  15. 50
  16. 100
  17. 50
  18. 66
  19. 20
  20. 45
  21. 100
  22. 50
  23. 11
  24. 48
  25. 25
  26. 5
  27. 50
  28. 25
  29. 15
  30. 6
  31. 7
  32. 5
  33. 24
  34. 2
  35. 20
  36. 55
  37. 18
  38. 54
  39. 10
  40. 34

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