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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 321 · 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) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  2. 2.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  3. 3.One glass of chai costs ₹45 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹42 to make and Saanvi sells it for ₹63. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹30 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹36 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One fruit cup costs ₹50 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  10. 10.One handmade card costs ₹60 to make and Nisha sells it for ₹72. What is the markup in percent?
  11. 11.One paper bookmark costs ₹24 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹20 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  14. 14.One potted plant costs ₹54 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹60 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹49 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  19. 19.One paper bookmark costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  20. 20.One clay diya costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹60 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹30 to make and Saanvi sells it for ₹36. What is the markup in percent?
  25. 25.One fruit cup costs ₹30 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹22 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹14 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹37 to make and Riya sells it for ₹74. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹11 to make and Meera sells it for ₹22. What is the markup in percent?
  31. 31.One paper bookmark costs ₹16 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹32 to make and Tara sells it for ₹40. What is the markup in percent?
  33. 33.One painted pebble costs ₹12 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  36. 36.One clay diya costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  40. 40.One cupcake costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. a loss
  3. 9
  4. 50
  5. 45
  6. 54
  7. 6
  8. 10
  9. 10
  10. 20
  11. 25
  12. 5
  13. 10 rupees
  14. 108
  15. 12
  16. 11
  17. 98
  18. cost + a markup
  19. 10
  20. 6
  21. 24
  22. 66
  23. 15
  24. 20
  25. 3
  26. 22
  27. 20
  28. 14
  29. 100
  30. 100
  31. 20
  32. 25
  33. 3
  34. 66
  35. 20
  36. 33
  37. 10
  38. 44
  39. 10
  40. 25

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