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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 205 · 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) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  2. 2.One cup of lemonade costs ₹52 to make and Nisha sells it for ₹104. What is the markup in percent?
  3. 3.One friendship band costs ₹50 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  5. 5.One glass of chai costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹12 to make and Ananya sells it for ₹18. What is the markup in percent?
  7. 7.One handmade card costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  8. 8.One potted plant costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  9. 9.One painted pebble costs ₹58 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  12. 12.One handmade card costs ₹50 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹21 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  15. 15.One potted plant costs ₹36 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One fruit cup costs ₹20 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹16 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹34 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹45 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹24 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹60 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹28 to make and Ishaan sells it for ₹35. What is the markup in percent?
  24. 24.One friendship band costs ₹12 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  26. 26.One paper bookmark costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  27. 27.One potted plant costs ₹24 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹39 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹45 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  34. 34.One fruit cup costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  36. 36.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  37. 37.One jute bag costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  38. 38.One fruit cup costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹55 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 100
  3. 10
  4. 10
  5. 33
  6. 50
  7. 20
  8. 20
  9. 116
  10. 5
  11. a loss
  12. 10
  13. 42
  14. 10 rupees
  15. 9
  16. 5
  17. 32
  18. 17
  19. 54
  20. 30
  21. 5
  22. 12
  23. 25
  24. 24
  25. 10
  26. 20
  27. 48
  28. 78
  29. 4
  30. 5
  31. 9
  32. 22
  33. 10
  34. 12
  35. 66
  36. what buyers will pay
  37. 10
  38. 12
  39. 11
  40. 75

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