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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 315 · 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 profit (c) free stock (d) a loss
  2. 2.One bag of popcorn costs ₹25 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹56 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹16 to make and Rohan sells it for ₹32. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹18 to make and Vihaan sells it for ₹27. What is the markup in percent?
  6. 6.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  8. 8.One paper bookmark costs ₹15 to make and Dev sells it for ₹18. What is the markup in percent?
  9. 9.One painted pebble costs ₹42 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹50 to make and Farhan sells it for ₹60. What is the markup in percent?
  12. 12.One jute bag costs ₹36 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One clay diya costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹58 to make and Rohan sells it for ₹87. What is the markup in percent?
  17. 17.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  18. 18.One handmade card costs ₹57 to make and Kabir sells it for ₹114. What is the markup in percent?
  19. 19.One paper bookmark costs ₹22 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹10 to make and Joseph sells it for ₹15. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹55 to make and Zoya sells it for ₹66. What is the markup in percent?
  22. 22.One handmade card costs ₹13 to make and Ananya sells it for ₹26. What is the markup in percent?
  23. 23.One painted pebble costs ₹58 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One bag of popcorn costs ₹38 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  27. 27.One glass of chai costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹10 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹20 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹19 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹12 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹40 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹54 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹50 to make and Joseph sells it for ₹100. What is the markup in percent?
  36. 36.One handmade card costs ₹16 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹51 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹24 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 30
  3. 14
  4. 100
  5. 50
  6. what buyers will pay
  7. 10 rupees
  8. 20
  9. 63
  10. 6
  11. 20
  12. 54
  13. 6
  14. 66
  15. 4
  16. 50
  17. cost + a markup
  18. 100
  19. 33
  20. 50
  21. 20
  22. 100
  23. 116
  24. 76
  25. 3
  26. 10
  27. 54
  28. 15
  29. 20
  30. 19
  31. 3
  32. 2
  33. 60
  34. 27
  35. 100
  36. 4
  37. 51
  38. 70
  39. 6
  40. 6

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