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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 233 · 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.One clay diya costs ₹21 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  3. 3.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  5. 5.One cupcake costs ₹46 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹42 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs ₹56 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹16 to make and Nisha sells it for ₹32. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹55 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  12. 12.One cupcake costs ₹40 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹56 to make and Farhan sells it for ₹84. What is the markup in percent?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  17. 17.One cupcake costs ₹18 to make and Joseph sells it for ₹27. What is the markup in percent?
  18. 18.One glass of chai costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹30 to make and Nisha sells it for ₹36. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹43 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹24 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹23 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹56 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹20 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹16 to make and Riya sells it for ₹24. What is the markup in percent?
  30. 30.One paper bookmark costs ₹32 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹10 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  33. 33.One painted pebble costs ₹54 to make and Tara sells it for ₹81. What is the markup in percent?
  34. 34.One paper bookmark costs ₹32 to make and Nisha sells it for ₹40. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹20 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹28 to make and Ananya sells it for ₹35. What is the markup in percent?
  37. 37.One paper bookmark costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  38. 38.One friendship band costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  39. 39.One painted pebble costs ₹24 to make and Joseph sells it for ₹48. What is the markup in percent?
  40. 40.One glass of chai costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?

Answer key

  1. 21
  2. a loss
  3. what buyers will pay
  4. cost + a markup
  5. 69
  6. 21
  7. 70
  8. 100
  9. 110
  10. 5
  11. 10
  12. 80
  13. 50
  14. 55
  15. 50
  16. 10 rupees
  17. 50
  18. 2
  19. 20
  20. 86
  21. 22
  22. 33
  23. 12
  24. 46
  25. 28
  26. 15
  27. 33
  28. 30
  29. 50
  30. 48
  31. 20
  32. 10
  33. 50
  34. 25
  35. 30
  36. 25
  37. 10
  38. 10
  39. 100
  40. 10

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