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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 328 · 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) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  2. 2.One cupcake costs ₹49 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One clay diya costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  4. 4.One cupcake costs ₹55 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹36 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  7. 7.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  8. 8.One glass of chai costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹44 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹16 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹12 to make and Rohan sells it for ₹24. What is the markup in percent?
  15. 15.One fruit cup costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  16. 16.One cupcake costs ₹20 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹54 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹49 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹56 to make and Farhan sells it for ₹84. What is the markup in percent?
  22. 22.One friendship band costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹45 to make and Tara sells it for ₹54. What is the markup in percent?
  24. 24.One painted pebble costs ₹60 to make and Kavya sells it for ₹120. What is the markup in percent?
  25. 25.One potted plant costs ₹60 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹12 to make and Lakshmi sells it for ₹15. What is the markup in percent?
  27. 27.One handmade card costs ₹10 to make and Vihaan sells it for ₹15. What is the markup in percent?
  28. 28.One fruit cup costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  29. 29.One paper bookmark costs ₹30 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹45 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹20 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹46 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹40 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹15 to make and Zoya sells it for ₹18. What is the markup in percent?
  35. 35.One paper bookmark costs ₹20 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹53 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  38. 38.One painted pebble costs ₹20 to make and Tara sells it for ₹24. What is the markup in percent?
  39. 39.One fruit cup costs ₹55 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹28 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 98
  3. 10
  4. 110
  5. 36
  6. cost + a markup
  7. a loss
  8. 48
  9. 11
  10. 11
  11. 33
  12. 8
  13. 20
  14. 100
  15. 25
  16. 24
  17. 4
  18. 81
  19. 15
  20. 98
  21. 50
  22. 33
  23. 20
  24. 100
  25. 15
  26. 25
  27. 50
  28. 10
  29. 15
  30. 54
  31. 25
  32. 69
  33. 10
  34. 20
  35. 10
  36. 53
  37. 10
  38. 20
  39. 110
  40. 7

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