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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 219 · 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 loss (b) a profit (c) free stock (d) break-even
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  3. 3.One paper bookmark costs ₹32 to make and Kabir sells it for ₹40. What is the markup in percent?
  4. 4.One friendship band costs ₹32 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹14 to make and Joseph sells it for ₹21. What is the markup in percent?
  6. 6.One jute bag costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  8. 8.One glass of chai costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  9. 9.One fruit cup costs ₹36 to make and Ishaan sells it for ₹72. What is the markup in percent?
  10. 10.One glass of chai costs ₹32 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  13. 13.One fruit cup costs ₹45 to make and Joseph sells it for ₹54. What is the markup in percent?
  14. 14.One jute bag costs ₹41 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹17 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹31 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹10 to make and Riya sells it for ₹12. What is the markup in percent?
  18. 18.One jute bag costs ₹56 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹45 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹52 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹25 to make and Ananya sells it for ₹50. What is the markup in percent?
  23. 23.One handmade card costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹56 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹48 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  28. 28.One cupcake costs ₹39 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹25 to make and Riya sells it for ₹30. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹30 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹28 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹40 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹30 to make and Rohan sells it for ₹36. What is the markup in percent?
  35. 35.One friendship band costs ₹48 to make and Vihaan sells it for ₹60. What is the markup in percent?
  36. 36.One friendship band costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹60 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹17 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹55 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹24 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 10 rupees
  3. 25
  4. 64
  5. 50
  6. 4
  7. what buyers will pay
  8. 10
  9. 100
  10. 8
  11. 33
  12. cost + a markup
  13. 20
  14. 82
  15. 34
  16. 62
  17. 20
  18. 112
  19. 45
  20. 65
  21. 2
  22. 100
  23. 4
  24. 70
  25. 4
  26. 72
  27. 10
  28. 78
  29. 20
  30. 6
  31. 42
  32. 50
  33. 66
  34. 20
  35. 25
  36. 3
  37. 15
  38. 34
  39. 66
  40. 6

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