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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 193 · 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 painted pebble costs ₹40 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹48 to make and Riya sells it for ₹72. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  5. 5.One jute bag costs ₹25 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹60 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹32 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹18 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹10 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹28 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹54 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹44 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹20 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹45 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹50 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹30 to make and Meera sells it for ₹45. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹32 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹12 to make and Saanvi sells it for ₹24. What is the markup in percent?
  22. 22.One cupcake costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  23. 23.One paper bookmark costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  24. 24.One glass of chai costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹18 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  26. 26.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  27. 27.One cup of lemonade costs ₹30 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹14 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹20 to make and Diya sells it for ₹25. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹30 to make and Meera sells it for ₹36. What is the markup in percent?
  31. 31.One handmade card costs ₹31 to make and Joseph sells it for ₹62. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹32 to make and Saanvi sells it for ₹40. What is the markup in percent?
  33. 33.One jute bag costs ₹15 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹52 to make and Diya sells it for ₹65. What is the markup in percent?
  37. 37.One friendship band costs ₹36 to make and Meera sells it for ₹54. What is the markup in percent?
  38. 38.One clay diya costs ₹38 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 48
  3. 50
  4. what buyers will pay
  5. 5
  6. 120
  7. 18
  8. 32
  9. 24
  10. 27
  11. 2
  12. 28
  13. 27
  14. 11
  15. 44
  16. 10
  17. 90
  18. 75
  19. 50
  20. 40
  21. 100
  22. 10
  23. 20
  24. 30
  25. 27
  26. cost + a markup
  27. 6
  28. 7
  29. 25
  30. 20
  31. 100
  32. 25
  33. 18
  34. 75
  35. 11
  36. 25
  37. 50
  38. 19
  39. 60
  40. 55

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