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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 362 · 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) a profit (b) free stock (c) a loss (d) break-even
  2. 2.One handmade card costs ₹55 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  4. 4.One potted plant costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹36 to make and Joseph sells it for ₹45. What is the markup in percent?
  7. 7.One friendship band costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  9. 9.One painted pebble costs ₹40 to make and Rohan sells it for ₹50. What is the markup in percent?
  10. 10.One glass of chai costs ₹10 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One glass of chai costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹50 to make and Joseph sells it for ₹100. What is the markup in percent?
  13. 13.One fruit cup costs ₹10 to make and Vihaan sells it for ₹20. What is the markup in percent?
  14. 14.One clay diya costs ₹33 to make and Kavya sells it for ₹66. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹56 to make and Lakshmi sells it for ₹70. What is the markup in percent?
  16. 16.One cupcake costs ₹55 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹12 to make and Lakshmi sells it for ₹15. What is the markup in percent?
  18. 18.One cupcake costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹10 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹36 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹35 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹56 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹25 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  25. 25.One potted plant costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹30 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹10 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹25 to make and Vihaan sells it for ₹30. What is the markup in percent?
  29. 29.One jute bag costs ₹28 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹22 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹20 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹18 to make and Farhan sells it for ₹27. What is the markup in percent?
  33. 33.One painted pebble costs ₹15 to make and Joseph sells it for ₹18. What is the markup in percent?
  34. 34.One friendship band costs ₹30 to make and Nisha sells it for ₹36. What is the markup in percent?
  35. 35.One fruit cup costs ₹15 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹40 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹60 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹28 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹43 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹56 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 66
  3. cost + a markup
  4. 20
  5. 55
  6. 25
  7. 12
  8. what buyers will pay
  9. 25
  10. 12
  11. 2
  12. 100
  13. 100
  14. 100
  15. 25
  16. 11
  17. 25
  18. 10
  19. 12
  20. 36
  21. 7
  22. 70
  23. 30
  24. 10 rupees
  25. 55
  26. 15
  27. 10
  28. 20
  29. 56
  30. 100
  31. 5
  32. 50
  33. 20
  34. 20
  35. 3
  36. 50
  37. 15
  38. 14
  39. 43
  40. 70

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