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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 166 · 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) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  2. 2.One cupcake costs ₹28 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹36 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  7. 7.One cup of lemonade costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹10 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹60 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹17 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  12. 12.One paper bookmark costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹40 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹46 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹50 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹58 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹38 to make and Riya sells it for ₹76. What is the markup in percent?
  19. 19.One handmade card costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹10 to make and Riya sells it for ₹12. What is the markup in percent?
  21. 21.One jute bag costs ₹32 to make and Meera sells it for ₹64. What is the markup in percent?
  22. 22.One fruit cup costs ₹25 to make and Meera sells it for ₹30. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹44 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹29 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹50 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹36 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  29. 29.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  30. 30.One painted pebble costs ₹24 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹30 to make and Joseph sells it for ₹36. What is the markup in percent?
  32. 32.One glass of chai costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹47 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹37 to make and Dev sells it for ₹74. What is the markup in percent?
  36. 36.One bag of popcorn costs ₹44 to make and Tara sells it for ₹55. What is the markup in percent?
  37. 37.One potted plant costs ₹18 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹44 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹31 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 28
  3. 18
  4. 50
  5. 70
  6. 10 rupees
  7. 55
  8. 2
  9. 12
  10. 34
  11. a loss
  12. 44
  13. 44
  14. 69
  15. 25
  16. 116
  17. 24
  18. 100
  19. 2
  20. 20
  21. 100
  22. 20
  23. 88
  24. 58
  25. 25
  26. 11
  27. 66
  28. 45
  29. what buyers will pay
  30. 24
  31. 20
  32. 20
  33. 94
  34. 3
  35. 100
  36. 25
  37. 9
  38. 55
  39. 62
  40. 3

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