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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 167 · 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) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  2. 2.One clay diya costs ₹40 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  4. 4.One cupcake costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  6. 6.One cupcake costs ₹56 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One cupcake costs ₹12 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹18 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  11. 11.One potted plant costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹18 to make and Joseph sells it for ₹27. What is the markup in percent?
  13. 13.One cupcake costs ₹29 to make and Kavya sells it for ₹58. What is the markup in percent?
  14. 14.One glass of chai costs ₹34 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  17. 17.One potted plant costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  21. 21.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  22. 22.One paper bookmark costs ₹42 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹16 to make and Gurpreet sells it for ₹32. What is the markup in percent?
  25. 25.One painted pebble costs ₹52 to make and Vihaan sells it for ₹104. What is the markup in percent?
  26. 26.One handmade card costs ₹12 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹25 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹25 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹44 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹44 to make and Farhan sells it for ₹66. What is the markup in percent?
  31. 31.One paper bookmark costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹17 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹18 to make and Kavya sells it for ₹27. What is the markup in percent?
  34. 34.One jute bag costs ₹41 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹20 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹10 to make and Nisha sells it for ₹15. What is the markup in percent?
  37. 37.One glass of chai costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  38. 38.One jute bag costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹53 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 10
  3. 25
  4. 12
  5. 10 rupees
  6. 28
  7. 3
  8. 6
  9. 27
  10. a loss
  11. 55
  12. 50
  13. 100
  14. 68
  15. 25
  16. 20
  17. 10
  18. 12
  19. 20
  20. 10
  21. cost + a markup
  22. 63
  23. 3
  24. 100
  25. 100
  26. 18
  27. 20
  28. 25
  29. 11
  30. 50
  31. 44
  32. 34
  33. 50
  34. 82
  35. 4
  36. 50
  37. 10
  38. 55
  39. 106
  40. 22

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