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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 218 · 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) free stock (c) break-even (d) a loss
  2. 2.One glass of chai costs ₹10 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One fruit cup costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹52 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹16 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹32 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One cupcake costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹30 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  12. 12.One cupcake costs ₹14 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹18 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹32 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  18. 18.One cupcake costs ₹20 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  20. 20.One friendship band costs ₹28 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹30 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One painted pebble costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹55 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  27. 27.One cup of lemonade costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?
  31. 31.One friendship band costs ₹12 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹24 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹20 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹32 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹60 to make and Kabir sells it for ₹72. What is the markup in percent?
  36. 36.One handmade card costs ₹40 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹16 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹30 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 20
  3. 35
  4. 13
  5. 16
  6. 50
  7. 40
  8. 1
  9. 44
  10. 36
  11. cost + a markup
  12. 7
  13. 18
  14. 44
  15. 3
  16. 8
  17. 10 rupees
  18. 4
  19. 10
  20. 7
  21. 60
  22. 55
  23. 3
  24. 66
  25. 5
  26. what buyers will pay
  27. 55
  28. 55
  29. 18
  30. 10
  31. 15
  32. 36
  33. 5
  34. 48
  35. 20
  36. 8
  37. 16
  38. 20
  39. 11
  40. 22

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