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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 377 · 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) break-even (c) a profit (d) a loss
  2. 2.One potted plant costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  3. 3.One cupcake costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹27 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  6. 6.One cupcake costs ₹60 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  8. 8.One potted plant costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹45 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹24 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One painted pebble costs ₹20 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹18 to make and Ishaan sells it for ₹36. What is the markup in percent?
  14. 14.One fruit cup costs ₹28 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹38 to make and Dev sells it for ₹57. What is the markup in percent?
  16. 16.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  17. 17.One cupcake costs ₹48 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹42 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹27 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  21. 21.One handmade card costs ₹32 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  23. 23.One paper bookmark costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One bag of popcorn costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹40 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹58 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹56 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹22 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹40 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One clay diya costs ₹18 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹49 to make and Dev sells it for ₹98. What is the markup in percent?
  33. 33.One painted pebble costs ₹52 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹32 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹35 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹16 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹31 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 50
  3. 5
  4. 27
  5. 10 rupees
  6. 12
  7. what buyers will pay
  8. 6
  9. 9
  10. 12
  11. 22
  12. 30
  13. 100
  14. 14
  15. 50
  16. cost + a markup
  17. 60
  18. 42
  19. 54
  20. 10
  21. 48
  22. 10
  23. 11
  24. 11
  25. 60
  26. 87
  27. 70
  28. 33
  29. 55
  30. 8
  31. 36
  32. 100
  33. 13
  34. 16
  35. 7
  36. 75
  37. 16
  38. 62
  39. 1
  40. 5

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