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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 383 · 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 cup of lemonade costs ₹29 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹16 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹28 to make and Joseph sells it for ₹35. What is the markup in percent?
  8. 8.One glass of chai costs ₹60 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One clay diya costs ₹32 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  13. 13.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  14. 14.One cup of lemonade costs ₹23 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹14 to make and Aarav sells it for ₹21. What is the markup in percent?
  16. 16.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  17. 17.One clay diya costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹20 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹35 to make and Kavya sells it for ₹42. What is the markup in percent?
  20. 20.One handmade card costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹35 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  22. 22.One jute bag costs ₹14 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹32 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹56 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹12 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹32 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹32 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹44 to make and Arjun sells it for ₹88. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹51 to make and Lakshmi sells it for ₹102. What is the markup in percent?
  30. 30.One jute bag costs ₹25 to make and Diya sells it for ₹30. What is the markup in percent?
  31. 31.One fruit cup costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹18 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹53 to make and Meera sells it for ₹106. What is the markup in percent?
  34. 34.One jute bag costs ₹48 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  36. 36.One glass of chai costs ₹19 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹45 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹43 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹60 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 58
  3. 20
  4. 10
  5. 32
  6. 48
  7. 25
  8. 12
  9. 40
  10. 70
  11. 30
  12. 11
  13. what buyers will pay
  14. 46
  15. 50
  16. a loss
  17. 44
  18. 30
  19. 20
  20. 9
  21. 20
  22. 7
  23. 40
  24. 14
  25. 15
  26. 48
  27. 48
  28. 100
  29. 100
  30. 20
  31. 25
  32. 27
  33. 100
  34. 12
  35. 10
  36. 38
  37. 9
  38. 43
  39. 15
  40. 11

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