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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 384 · 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 loss (b) a profit (c) break-even (d) free stock
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  3. 3.One paper bookmark costs ₹24 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  5. 5.One paper bookmark costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One cupcake costs ₹52 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  8. 8.One painted pebble costs ₹50 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One cupcake costs ₹16 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  12. 12.One potted plant costs ₹32 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹52 to make and Ishaan sells it for ₹65. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹60 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹60 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹16 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹28 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹21 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹17 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹48 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹48 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹10 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹12 to make and Nisha sells it for ₹15. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹56 to make and Saanvi sells it for ₹70. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹10 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹58 to make and Tara sells it for ₹116. What is the markup in percent?
  30. 30.One potted plant costs ₹44 to make and Zoya sells it for ₹66. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹15 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹40 to make and Aarav sells it for ₹48. What is the markup in percent?
  33. 33.One glass of chai costs ₹30 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹43 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹35 to make and Riya sells it for ₹42. What is the markup in percent?
  36. 36.One glass of chai costs ₹58 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹45 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹58 to make and Aarav sells it for ₹87. What is the markup in percent?

Answer key

  1. a loss
  2. 10 rupees
  3. 30
  4. what buyers will pay
  5. 66
  6. 78
  7. 20
  8. 25
  9. 20
  10. 2
  11. cost + a markup
  12. 40
  13. 25
  14. 15
  15. 90
  16. 4
  17. 11
  18. 42
  19. 21
  20. 34
  21. 75
  22. 12
  23. 72
  24. 2
  25. 1
  26. 25
  27. 25
  28. 15
  29. 100
  30. 50
  31. 15
  32. 20
  33. 6
  34. 86
  35. 20
  36. 29
  37. 9
  38. 44
  39. 22
  40. 50

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