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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 313 · 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) free stock (b) break-even (c) a loss (d) a profit
  2. 2.One handmade card costs ₹40 to make and Tara sells it for ₹48. What is the markup in percent?
  3. 3.One fruit cup costs ₹22 to make and Dev sells it for ₹33. What is the markup in percent?
  4. 4.One cupcake costs ₹36 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹58 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹60 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  8. 8.One handmade card costs ₹26 to make and Tara sells it for ₹39. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  10. 10.One clay diya costs ₹48 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹25 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹16 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  15. 15.One bag of popcorn costs ₹46 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹16 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹53 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  21. 21.One clay diya costs ₹25 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹24 to make and Nisha sells it for ₹48. What is the markup in percent?
  23. 23.One painted pebble costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹46 to make and Kabir sells it for ₹69. What is the markup in percent?
  25. 25.One painted pebble costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹36 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹12 to make and Rohan sells it for ₹15. What is the markup in percent?
  28. 28.One cupcake costs ₹32 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹59 to make and Saanvi sells it for ₹118. What is the markup in percent?
  30. 30.One handmade card costs ₹20 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹36 to make and Diya sells it for ₹45. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹23 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹20 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹35 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  40. 40.One handmade card costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?

Answer key

  1. a loss
  2. 20
  3. 50
  4. 9
  5. 116
  6. 72
  7. 10 rupees
  8. 50
  9. 20
  10. 12
  11. 5
  12. 11
  13. 20
  14. what buyers will pay
  15. 69
  16. 24
  17. 5
  18. 4
  19. 53
  20. cost + a markup
  21. 30
  22. 100
  23. 12
  24. 50
  25. 66
  26. 54
  27. 25
  28. 40
  29. 100
  30. 2
  31. 55
  32. 5
  33. 25
  34. 46
  35. 1
  36. 25
  37. 42
  38. 7
  39. 10
  40. 10

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