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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 170 · 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) the weather only (c) your favourite number (d) what buyers will pay
  2. 2.One painted pebble costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹40 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One bag of popcorn costs ₹47 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹60 to make and Rohan sells it for ₹72. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹46 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹24 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹13 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹48 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One friendship band costs ₹36 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹30 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One potted plant costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹14 to make and Farhan sells it for ₹21. What is the markup in percent?
  17. 17.One jute bag costs ₹25 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹42 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹26 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹46 to make. Ananya adds a 100% markup. What is the profit on one (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 fruit cup costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹16 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹18 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  27. 27.One painted pebble costs ₹41 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹40 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹46 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹43 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹60 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹54 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹34 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹40 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹20 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹52 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 10
  3. 20
  4. 94
  5. 11
  6. 20
  7. 69
  8. 48
  9. 26
  10. 12
  11. 72
  12. 33
  13. 48
  14. 18
  15. 11
  16. 50
  17. 5
  18. 63
  19. 26
  20. 46
  21. cost + a markup
  22. 2
  23. 20
  24. 12
  25. 9
  26. 10 rupees
  27. 41
  28. 48
  29. 23
  30. 33
  31. 22
  32. 86
  33. 6
  34. 54
  35. 17
  36. 4
  37. 4
  38. 24
  39. 55
  40. 65

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