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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 182 · 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.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  2. 2.One paper bookmark costs ₹36 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One painted pebble costs ₹60 to make and Diya sells it for ₹90. What is the markup in percent?
  4. 4.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  5. 5.One potted plant costs ₹14 to make and Vihaan sells it for ₹21. What is the markup in percent?
  6. 6.One cupcake costs ₹14 to make and Aarav sells it for ₹28. What is the markup in percent?
  7. 7.One glass of chai costs ₹42 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹60 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹40 to make and Saanvi sells it for ₹48. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹56 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹14 to make and Dev sells it for ₹21. What is the markup in percent?
  12. 12.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  13. 13.One potted plant costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  14. 14.One jute bag costs ₹52 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹48 to make and Aarav sells it for ₹96. What is the markup in percent?
  18. 18.One friendship band costs ₹22 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹52 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?
  22. 22.One handmade card costs ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  23. 23.One jute bag costs ₹45 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹50 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹50 to make and Lakshmi sells it for ₹100. What is the markup in percent?
  26. 26.One glass of chai costs ₹40 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹45 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹20 to make and Zoya sells it for ₹24. What is the markup in percent?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  31. 31.One painted pebble costs ₹12 to make and Kavya sells it for ₹15. What is the markup in percent?
  32. 32.One glass of chai costs ₹25 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹19 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹24 to make and Ananya sells it for ₹30. What is the markup in percent?
  37. 37.One clay diya costs ₹16 to make and Ananya sells it for ₹20. What is the markup in percent?
  38. 38.One glass of chai costs ₹24 to make and Vihaan sells it for ₹30. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹34 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 45
  3. 50
  4. cost + a markup
  5. 50
  6. 100
  7. 63
  8. 120
  9. 20
  10. 14
  11. 50
  12. what buyers will pay
  13. 10
  14. 13
  15. 25
  16. 66
  17. 100
  18. 44
  19. 10
  20. 13
  21. 25
  22. 20
  23. 45
  24. 55
  25. 100
  26. 10
  27. 54
  28. 12
  29. 20
  30. 10 rupees
  31. 25
  32. 5
  33. 38
  34. 22
  35. 72
  36. 25
  37. 25
  38. 25
  39. 1
  40. 34

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