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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 298 · 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) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  2. 2.One cup of lemonade costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One clay diya costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹18 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹10 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One cup of lemonade costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹60 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  10. 10.One handmade card costs ₹52 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹16 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹12 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  15. 15.One friendship band costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  16. 16.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  17. 17.One handmade card costs ₹20 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹47 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One clay diya costs ₹28 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹23 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹55 to make and Kabir sells it for ₹66. What is the markup in percent?
  22. 22.One painted pebble costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹20 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹60 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹42 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹16 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹11 to make and Ananya sells it for ₹22. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹60 to make and Ishaan sells it for ₹72. What is the markup in percent?
  31. 31.One clay diya costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹10 to make and Zoya sells it for ₹12. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹40 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  40. 40.One handmade card costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 2
  3. 1
  4. 2
  5. 9
  6. 5
  7. 12
  8. 12
  9. 10 rupees
  10. 78
  11. 4
  12. 35
  13. 24
  14. cost + a markup
  15. 20
  16. a loss
  17. 20
  18. 47
  19. 7
  20. 23
  21. 20
  22. 11
  23. 20
  24. 20
  25. 60
  26. 21
  27. 24
  28. 4
  29. 100
  30. 20
  31. 12
  32. 75
  33. 72
  34. 6
  35. 2
  36. 20
  37. 4
  38. 60
  39. 20
  40. 13

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