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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 360 · 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) a loss (c) break-even (d) a profit
  2. 2.One jute bag costs ₹30 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One fruit cup costs ₹52 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹24 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹35 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹25 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹48 to make and Nisha sells it for ₹96. What is the markup in percent?
  9. 9.One fruit cup costs ₹25 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹30 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹32 to make and Aarav sells it for ₹40. What is the markup in percent?
  12. 12.One potted plant costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  14. 14.One fruit cup costs ₹16 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One fruit cup costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  16. 16.One fruit cup costs ₹43 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  17. 17.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  18. 18.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  19. 19.One clay diya costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹14 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹40 to make and Diya sells it for ₹80. What is the markup in percent?
  22. 22.One friendship band costs ₹25 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  24. 24.One fruit cup costs ₹60 to make and Diya sells it for ₹90. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹36 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  28. 28.One cupcake costs ₹12 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹18 to make and Rohan sells it for ₹27. What is the markup in percent?
  30. 30.One jute bag costs ₹24 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹16 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹60 to make and Ishaan sells it for ₹75. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹50 to make and Rohan sells it for ₹60. What is the markup in percent?
  34. 34.One friendship band costs ₹44 to make and Tara sells it for ₹66. What is the markup in percent?
  35. 35.One handmade card costs ₹48 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹30 to make and Joseph sells it for ₹36. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹24 to make and Kabir sells it for ₹36. What is the markup in percent?
  38. 38.One fruit cup costs ₹16 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹50 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹56 to make and Rohan sells it for ₹84. What is the markup in percent?

Answer key

  1. a loss
  2. 36
  3. 26
  4. 12
  5. 40
  6. 42
  7. 50
  8. 100
  9. 30
  10. 15
  11. 25
  12. 36
  13. 10
  14. 24
  15. 25
  16. 86
  17. cost + a markup
  18. what buyers will pay
  19. 1
  20. 21
  21. 100
  22. 25
  23. 10
  24. 50
  25. 45
  26. 3
  27. 20
  28. 15
  29. 50
  30. 30
  31. 4
  32. 25
  33. 20
  34. 50
  35. 60
  36. 20
  37. 50
  38. 8
  39. 55
  40. 50

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