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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 171 · 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) copy a rival (c) cost + a markup (d) guess any price
  2. 2.One friendship band costs ₹25 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  3. 3.One fruit cup costs ₹12 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹24 to make and Rohan sells it for ₹48. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹21 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹26 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹56 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  11. 11.One glass of chai costs ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹17 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹45 to make and Ananya sells it for ₹54. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹50 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  18. 18.One jute bag costs ₹12 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹10 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹52 to make and Zoya sells it for ₹78. What is the markup in percent?
  22. 22.One potted plant costs ₹32 to make and Diya sells it for ₹40. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  25. 25.One jute bag costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹24 to make and Ananya sells it for ₹48. What is the markup in percent?
  29. 29.One clay diya costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹60 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  31. 31.One fruit cup costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹24 to make and Riya sells it for ₹48. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹20 to make and Saanvi sells it for ₹25. What is the markup in percent?
  34. 34.One fruit cup costs ₹48 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  36. 36.One handmade card costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹10 to make and Riya sells it for ₹15. What is the markup in percent?
  38. 38.One clay diya costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹32 to make and Joseph sells it for ₹40. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 20
  3. 15
  4. 48
  5. 100
  6. 42
  7. 26
  8. 70
  9. 66
  10. what buyers will pay
  11. 20
  12. 1
  13. 34
  14. 20
  15. 33
  16. 60
  17. 10
  18. 18
  19. 33
  20. 5
  21. 50
  22. 25
  23. 2
  24. 20
  25. 15
  26. 11
  27. 60
  28. 100
  29. 1
  30. 10
  31. 6
  32. 100
  33. 25
  34. 12
  35. a loss
  36. 12
  37. 50
  38. 6
  39. 6
  40. 25

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