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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 283 · 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) cost + a markup (c) copy a rival (d) guess any price
  2. 2.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  3. 3.One clay diya costs ₹48 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹58 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One handmade card costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  6. 6.One handmade card costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  7. 7.One cupcake costs ₹17 to make and Ananya sells it for ₹34. What is the markup in percent?
  8. 8.One clay diya costs ₹58 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹18 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹40 to make and Saanvi sells it for ₹80. What is the markup in percent?
  11. 11.One painted pebble costs ₹16 to make and Meera sells it for ₹20. What is the markup in percent?
  12. 12.One potted plant costs ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹24 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  14. 14.One friendship band costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  16. 16.One paper bookmark costs ₹52 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹48 to make and Meera sells it for ₹60. What is the markup in percent?
  18. 18.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  19. 19.One jute bag costs ₹50 to make and Vihaan sells it for ₹100. What is the markup in percent?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  21. 21.One cupcake costs ₹60 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹56 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹35 to make and Zoya sells it for ₹42. What is the markup in percent?
  25. 25.One jute bag costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹54 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹40 to make and Aarav sells it for ₹48. What is the markup in percent?
  28. 28.One fruit cup costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹15 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹29 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹16 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹45 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹44 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹47 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹56 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. what buyers will pay
  3. 72
  4. 29
  5. 10
  6. 10
  7. 100
  8. 87
  9. 27
  10. 100
  11. 25
  12. 48
  13. 100
  14. 24
  15. 10
  16. 52
  17. 25
  18. a loss
  19. 100
  20. 10 rupees
  21. 15
  22. 42
  23. 70
  24. 20
  25. 8
  26. 81
  27. 20
  28. 11
  29. 30
  30. 4
  31. 58
  32. 24
  33. 22
  34. 54
  35. 22
  36. 55
  37. 60
  38. 94
  39. 84
  40. 33

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