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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 300 · 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.One bag of popcorn costs ₹21 to make and Ishaan sells it for ₹42. What is the markup in percent?
  3. 3.One potted plant costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One potted plant costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  5. 5.One jute bag costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹60 to make and Aarav sells it for ₹75. What is the markup in percent?
  8. 8.One friendship band costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹47 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹50 to make and Nisha sells it for ₹60. What is the markup in percent?
  12. 12.One potted plant costs ₹46 to make and Arjun sells it for ₹69. What is the markup in percent?
  13. 13.One glass of chai costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One fruit cup costs ₹25 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹10 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹48 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹20 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  20. 20.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  21. 21.One glass of chai costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹36 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹10 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  27. 27.One cup of lemonade costs ₹50 to make and Nisha sells it for ₹60. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹38 to make and Kavya sells it for ₹57. What is the markup in percent?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  30. 30.One friendship band costs ₹23 to make and Farhan sells it for ₹46. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹60 to make and Gurpreet sells it for ₹75. What is the markup in percent?
  33. 33.One fruit cup costs ₹50 to make and Farhan sells it for ₹60. What is the markup in percent?
  34. 34.One handmade card costs ₹60 to make and Arjun sells it for ₹66. What is the markup in percent?
  35. 35.One painted pebble costs ₹60 to make and Nisha sells it for ₹72. What is the markup in percent?
  36. 36.One handmade card costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹50 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹15 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹46 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 100
  3. 6
  4. 10
  5. 33
  6. 11
  7. 25
  8. 3
  9. 47
  10. 48
  11. 20
  12. 50
  13. 22
  14. 30
  15. 5
  16. 60
  17. 22
  18. 5
  19. 25
  20. what buyers will pay
  21. 44
  22. 10
  23. 45
  24. 10
  25. 55
  26. a loss
  27. 20
  28. 50
  29. 10 rupees
  30. 100
  31. 6
  32. 25
  33. 20
  34. 10
  35. 20
  36. 24
  37. 10
  38. 18
  39. 5
  40. 92

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