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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 308 · 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.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  3. 3.One handmade card costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  5. 5.One cup of lemonade costs ₹20 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹12 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One bag of popcorn costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  9. 9.One glass of chai costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹30 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹26 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹52 to make and Joseph sells it for ₹65. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹12 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹10 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹44 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹58 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹16 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹16 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹56 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹56 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹50 to make and Zoya sells it for ₹55. What is the markup in percent?
  28. 28.One fruit cup costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹20 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹12 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹18 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹21 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹12 to make and Meera sells it for ₹18. What is the markup in percent?
  35. 35.One handmade card costs ₹60 to make and Nisha sells it for ₹66. What is the markup in percent?
  36. 36.One friendship band costs ₹19 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹55 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹50 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. what buyers will pay
  3. 25
  4. 10 rupees
  5. 20
  6. 15
  7. 11
  8. cost + a markup
  9. 72
  10. 6
  11. 39
  12. 55
  13. 25
  14. 66
  15. 6
  16. 15
  17. 66
  18. 11
  19. 6
  20. 87
  21. 2
  22. 32
  23. 50
  24. 14
  25. 44
  26. 70
  27. 10
  28. 11
  29. 5
  30. 3
  31. 11
  32. 9
  33. 21
  34. 50
  35. 10
  36. 19
  37. 55
  38. 10
  39. 22
  40. 36

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