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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 33 · 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.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  2. 2.One potted plant costs ₹16 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹45 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  5. 5.One fruit cup costs ₹50 to make and Zoya sells it for ₹55. What is the markup in percent?
  6. 6.One cupcake costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  7. 7.One jute bag costs ₹40 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  10. 10.One glass of chai costs ₹43 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹32 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹56 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹54 to make and Gurpreet sells it for ₹81. What is the markup in percent?
  15. 15.One paper bookmark costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  17. 17.One paper bookmark costs ₹35 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹40 to make and Vihaan sells it for ₹50. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹10 to make and Ishaan sells it for ₹12. What is the markup in percent?
  21. 21.One handmade card costs ₹60 to make and Nisha sells it for ₹66. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹34 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹25 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹31 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹20 to make and Ananya sells it for ₹30. What is the markup in percent?
  27. 27.One glass of chai costs ₹28 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  29. 29.One paper bookmark costs ₹32 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹22 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹36 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹20 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹60 to make and Diya sells it for ₹72. What is the markup in percent?
  36. 36.One painted pebble costs ₹48 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹28 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹26 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 4
  3. 54
  4. a loss
  5. 10
  6. 20
  7. 44
  8. 24
  9. 10 rupees
  10. 86
  11. 32
  12. 4
  13. 84
  14. 50
  15. 75
  16. what buyers will pay
  17. 42
  18. 42
  19. 25
  20. 20
  21. 10
  22. 17
  23. 2
  24. 30
  25. 31
  26. 50
  27. 35
  28. 20
  29. 32
  30. 44
  31. 33
  32. 42
  33. 36
  34. 5
  35. 20
  36. 60
  37. 14
  38. 18
  39. 13
  40. 10

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