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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 195 · 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) a profit (b) a loss (c) break-even (d) free stock
  2. 2.One glass of chai costs ₹60 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹10 to make and Kabir sells it for ₹15. What is the markup in percent?
  5. 5.One clay diya costs ₹56 to make and Farhan sells it for ₹70. What is the markup in percent?
  6. 6.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  7. 7.One fruit cup costs ₹12 to make and Vihaan sells it for ₹15. What is the markup in percent?
  8. 8.One friendship band costs ₹16 to make and Rohan sells it for ₹24. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹16 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹20 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹26 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  15. 15.One paper bookmark costs ₹40 to make and Saanvi sells it for ₹50. What is the markup in percent?
  16. 16.One clay diya costs ₹40 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹50 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹29 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹55 to make and Zoya sells it for ₹66. What is the markup in percent?
  21. 21.One handmade card costs ₹56 to make and Aarav sells it for ₹84. What is the markup in percent?
  22. 22.One potted plant costs ₹20 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹35 to make and Vihaan sells it for ₹42. What is the markup in percent?
  24. 24.One clay diya costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹28 to make and Rohan sells it for ₹42. What is the markup in percent?
  26. 26.One cupcake costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹49 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹22 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹36 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹51 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  34. 34.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  35. 35.One handmade card costs ₹25 to make and Ananya sells it for ₹30. What is the markup in percent?
  36. 36.One cupcake costs ₹60 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹22 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹60 to make and Meera sells it for ₹75. What is the markup in percent?
  39. 39.One cupcake costs ₹32 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹37 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 15
  3. 55
  4. 50
  5. 25
  6. what buyers will pay
  7. 25
  8. 50
  9. 24
  10. 4
  11. 3
  12. 40
  13. 52
  14. 10 rupees
  15. 25
  16. 4
  17. 60
  18. 58
  19. 1
  20. 20
  21. 50
  22. 2
  23. 20
  24. 12
  25. 50
  26. 22
  27. 1
  28. 49
  29. 11
  30. 30
  31. 9
  32. 51
  33. 22
  34. cost + a markup
  35. 20
  36. 90
  37. 33
  38. 25
  39. 40
  40. 74

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