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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 226 · 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) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  2. 2.One cup of lemonade costs ₹24 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One clay diya costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹60 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  8. 8.One painted pebble costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹52 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹58 to make and Vihaan sells it for ₹87. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹36 to make and Kabir sells it for ₹54. What is the markup in percent?
  13. 13.One paper bookmark costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹50 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹22 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One bag of popcorn costs ₹57 to make and Kabir sells it for ₹114. What is the markup in percent?
  17. 17.One jute bag costs ₹50 to make and Zoya sells it for ₹75. What is the markup in percent?
  18. 18.One paper bookmark costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  19. 19.One paper bookmark costs ₹54 to make and Nisha sells it for ₹108. What is the markup in percent?
  20. 20.One glass of chai costs ₹60 to make and Kabir sells it for ₹90. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹18 to make and Nisha sells it for ₹27. What is the markup in percent?
  23. 23.One glass of chai costs ₹40 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹55 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹45 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹20 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  28. 28.One glass of chai costs ₹20 to make and Ishaan sells it for ₹24. What is the markup in percent?
  29. 29.One jute bag costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  31. 31.One bag of popcorn costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?
  32. 32.One friendship band costs ₹40 to make and Gurpreet sells it for ₹50. What is the markup in percent?
  33. 33.One friendship band costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  35. 35.One glass of chai costs ₹37 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹32 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹14 to make and Joseph sells it for ₹21. What is the markup in percent?
  38. 38.One glass of chai costs ₹52 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹22 to make and Saanvi sells it for ₹33. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹60 to make. Tara adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 48
  3. 24
  4. 66
  5. 6
  6. 10
  7. what buyers will pay
  8. 5
  9. 22
  10. 26
  11. 50
  12. 50
  13. 2
  14. 10
  15. 33
  16. 100
  17. 50
  18. 10
  19. 100
  20. 50
  21. 2
  22. 50
  23. 48
  24. 66
  25. 9
  26. 10
  27. a loss
  28. 20
  29. 22
  30. 10 rupees
  31. 20
  32. 25
  33. 44
  34. 10
  35. 74
  36. 8
  37. 50
  38. 13
  39. 50
  40. 72

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