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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 369 · 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) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  2. 2.One glass of chai costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One fruit cup costs ₹25 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹48 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹36 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹36 to make and Tara sells it for ₹45. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹12 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  9. 9.One jute bag costs ₹40 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹20 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹16 to make and Rohan sells it for ₹20. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One potted plant costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹58 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  18. 18.One friendship band costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹38 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹54 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹24 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹34 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  25. 25.One fruit cup costs ₹45 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹60 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  29. 29.One glass of chai costs ₹40 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹43 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹60 to make and Dev sells it for ₹72. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹16 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹25 to make and Saanvi sells it for ₹50. What is the markup in percent?
  34. 34.One glass of chai costs ₹18 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹20 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹30 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹28 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹46 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹10 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 22
  3. 50
  4. 72
  5. 18
  6. 25
  7. 18
  8. a loss
  9. 60
  10. 24
  11. 66
  12. 25
  13. 11
  14. 2
  15. 60
  16. 87
  17. what buyers will pay
  18. 2
  19. 57
  20. 3
  21. 81
  22. 48
  23. 17
  24. 10 rupees
  25. 9
  26. 15
  27. 33
  28. 10
  29. 50
  30. 43
  31. 20
  32. 20
  33. 100
  34. 36
  35. 25
  36. 6
  37. 42
  38. 92
  39. 66
  40. 5

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