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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 29 · 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.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  2. 2.One cup of lemonade costs ₹20 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One fruit cup costs ₹28 to make and Zoya sells it for ₹56. What is the markup in percent?
  5. 5.One clay diya costs ₹48 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹40 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹16 to make and Rohan sells it for ₹32. What is the markup in percent?
  8. 8.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  9. 9.One paper bookmark costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹50 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹40 to make and Saanvi sells it for ₹48. What is the markup in percent?
  13. 13.One fruit cup costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  14. 14.One jute bag costs ₹26 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹44 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  17. 17.One friendship band costs ₹46 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹50 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  20. 20.One friendship band costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹50 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹21 to make and Meera sells it for ₹42. What is the markup in percent?
  23. 23.One paper bookmark costs ₹55 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹58 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹40 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹48 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹29 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹52 to make and Zoya sells it for ₹65. What is the markup in percent?
  30. 30.One paper bookmark costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹46 to make and Farhan sells it for ₹69. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹10 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹40 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹34 to make and Gurpreet sells it for ₹51. What is the markup in percent?
  39. 39.One cupcake costs ₹22 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 24
  3. 2
  4. 100
  5. 60
  6. 50
  7. 100
  8. cost + a markup
  9. 3
  10. 24
  11. 25
  12. 20
  13. 10
  14. 52
  15. 25
  16. 10 rupees
  17. 92
  18. 25
  19. a loss
  20. 55
  21. 50
  22. 100
  23. 11
  24. 87
  25. 24
  26. 20
  27. 72
  28. 58
  29. 25
  30. 3
  31. 2
  32. 6
  33. 66
  34. 50
  35. 15
  36. 33
  37. 10
  38. 50
  39. 33
  40. 25

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