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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 164 · 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) what buyers will pay (c) nothing else (d) the weather only
  2. 2.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  3. 3.One jute bag costs ₹40 to make and Saanvi sells it for ₹50. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹60 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹25 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹10 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹45 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One painted pebble costs ₹39 to make and Kavya sells it for ₹78. What is the markup in percent?
  13. 13.One potted plant costs ₹38 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One handmade card costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  15. 15.One potted plant costs ₹10 to make and Ananya sells it for ₹15. What is the markup in percent?
  16. 16.One clay diya costs ₹32 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One bag of popcorn costs ₹20 to make and Saanvi sells it for ₹30. What is the markup in percent?
  18. 18.One clay diya costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹60 to make and Ananya sells it for ₹72. What is the markup in percent?
  20. 20.One jute bag costs ₹22 to make and Kabir sells it for ₹44. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹20 to make and Kabir sells it for ₹24. What is the markup in percent?
  22. 22.One fruit cup costs ₹40 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹55 to make and Zoya sells it for ₹66. What is the markup in percent?
  24. 24.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  25. 25.One jute bag costs ₹31 to make and Kabir sells it for ₹62. What is the markup in percent?
  26. 26.One jute bag costs ₹49 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹22 to make and Diya sells it for ₹33. What is the markup in percent?
  28. 28.One cupcake costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  31. 31.One jute bag costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  32. 32.One jute bag costs ₹16 to make and Nisha sells it for ₹32. What is the markup in percent?
  33. 33.One clay diya costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹33 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹24 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹15 to make and Diya sells it for ₹30. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹16 to make and Meera sells it for ₹20. What is the markup in percent?
  38. 38.One jute bag costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees

Answer key

  1. what buyers will pay
  2. a loss
  3. 25
  4. 48
  5. 6
  6. 50
  7. 12
  8. 1
  9. 9
  10. 66
  11. 24
  12. 100
  13. 19
  14. 10
  15. 50
  16. 40
  17. 50
  18. 35
  19. 20
  20. 100
  21. 20
  22. 20
  23. 20
  24. cost + a markup
  25. 100
  26. 49
  27. 50
  28. 22
  29. 10
  30. 10
  31. 20
  32. 100
  33. 2
  34. 33
  35. 36
  36. 100
  37. 25
  38. 10
  39. 4
  40. 10 rupees

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