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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 368 · 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) copy a rival (c) cost + a markup (d) guess any price
  2. 2.One jute bag costs ₹20 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  4. 4.One potted plant costs ₹20 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹14 to make and Gurpreet sells it for ₹21. What is the markup in percent?
  6. 6.One handmade card costs ₹58 to make and Lakshmi sells it for ₹87. What is the markup in percent?
  7. 7.One glass of chai costs ₹50 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  9. 9.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  10. 10.One potted plant costs ₹60 to make and Vihaan sells it for ₹120. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹52 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹12 to make and Riya sells it for ₹18. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹14 to make and Rohan sells it for ₹21. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  16. 16.One painted pebble costs ₹58 to make and Zoya sells it for ₹116. What is the markup in percent?
  17. 17.One paper bookmark costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹28 to make and Saanvi sells it for ₹35. What is the markup in percent?
  19. 19.One handmade card costs ₹32 to make and Kabir sells it for ₹40. What is the markup in percent?
  20. 20.One cupcake costs ₹46 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹44 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹25 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹52 to make and Aarav sells it for ₹65. What is the markup in percent?
  26. 26.One fruit cup costs ₹24 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹20 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  30. 30.One friendship band costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹40 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹50 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹36 to make and Saanvi sells it for ₹45. What is the markup in percent?
  36. 36.One friendship band costs ₹44 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹34 to make and Meera sells it for ₹51. What is the markup in percent?
  38. 38.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  39. 39.One cup of lemonade costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 30
  3. 20
  4. 40
  5. 50
  6. 50
  7. 100
  8. 10 rupees
  9. a loss
  10. 100
  11. 25
  12. 78
  13. 50
  14. 50
  15. 10
  16. 100
  17. 4
  18. 25
  19. 25
  20. 69
  21. 2
  22. 66
  23. 88
  24. 30
  25. 25
  26. 6
  27. 25
  28. 33
  29. 20
  30. 4
  31. 2
  32. 1
  33. 8
  34. 25
  35. 25
  36. 44
  37. 50
  38. what buyers will pay
  39. 33
  40. 33

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