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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 361 · 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) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  2. 2.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  3. 3.One glass of chai costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹60 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  6. 6.One potted plant costs ₹16 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  9. 9.One fruit cup costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  10. 10.One friendship band costs ₹24 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  11. 11.One painted pebble costs ₹25 to make and Ishaan sells it for ₹50. What is the markup in percent?
  12. 12.One handmade card costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?
  13. 13.One handmade card costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  14. 14.One glass of chai costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹32 to make and Dev sells it for ₹40. What is the markup in percent?
  16. 16.One fruit cup costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  18. 18.One glass of chai costs ₹60 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  20. 20.One glass of chai costs ₹20 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹40 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One friendship band costs ₹25 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹14 to make and Saanvi sells it for ₹21. What is the markup in percent?
  25. 25.One handmade card costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  28. 28.One painted pebble costs ₹22 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹59 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  31. 31.One cupcake costs ₹30 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹20 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹10 to make and Nisha sells it for ₹12. What is the markup in percent?
  34. 34.One paper bookmark costs ₹60 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹32 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹56 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. a loss
  3. 33
  4. 90
  5. 10
  6. 24
  7. 2
  8. cost + a markup
  9. 20
  10. 25
  11. 100
  12. 10
  13. 10
  14. 2
  15. 25
  16. 66
  17. 10
  18. 15
  19. 10
  20. 10
  21. 44
  22. 30
  23. 55
  24. 50
  25. 2
  26. 10
  27. 10 rupees
  28. 11
  29. 118
  30. 10
  31. 45
  32. 4
  33. 20
  34. 6
  35. 5
  36. 32
  37. 14
  38. 22
  39. 5
  40. 18

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