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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 221 · 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) free stock (b) a profit (c) a loss (d) break-even
  2. 2.One handmade card costs ₹12 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹35 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹48 to make and Farhan sells it for ₹60. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹16 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  8. 8.One fruit cup costs ₹52 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹51 to make and Tara sells it for ₹102. What is the markup in percent?
  11. 11.One handmade card costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹20 to make and Farhan sells it for ₹25. What is the markup in percent?
  13. 13.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  14. 14.One cupcake costs ₹40 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹55 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹42 to make and Diya sells it for ₹84. What is the markup in percent?
  17. 17.One glass of chai costs ₹16 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  19. 19.One handmade card costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  20. 20.One handmade card costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹22 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹14 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹60 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?
  27. 27.One jute bag costs ₹24 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  28. 28.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  29. 29.One glass of chai costs ₹12 to make and Kabir sells it for ₹18. What is the markup in percent?
  30. 30.One cupcake costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹55 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  33. 33.One potted plant costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹44 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  35. 35.One fruit cup costs ₹22 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹32 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹56 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹18 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹12 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 12
  3. 70
  4. 25
  5. 4
  6. 10
  7. 10
  8. 13
  9. 30
  10. 100
  11. 4
  12. 25
  13. what buyers will pay
  14. 44
  15. 66
  16. 100
  17. 20
  18. cost + a markup
  19. 20
  20. 30
  21. 11
  22. 7
  23. 1
  24. 30
  25. 66
  26. 10
  27. 30
  28. 10 rupees
  29. 50
  30. 2
  31. 66
  32. 10
  33. 60
  34. 25
  35. 22
  36. 2
  37. 48
  38. 56
  39. 18
  40. 6

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