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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 433 · 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.One glass of chai costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  3. 3.One glass of chai costs ₹45 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹12 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  6. 6.One cupcake costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹18 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  9. 9.One clay diya costs ₹44 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹55 to make and Arjun sells it for ₹110. What is the markup in percent?
  11. 11.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  12. 12.One paper bookmark costs ₹18 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹56 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹60 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹45 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹16 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹10 to make and Aarav sells it for ₹20. What is the markup in percent?
  19. 19.One paper bookmark costs ₹39 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  21. 21.One paper bookmark costs ₹14 to make and Ishaan sells it for ₹28. What is the markup in percent?
  22. 22.One potted plant costs ₹44 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹38 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹55 to make and Zoya sells it for ₹66. What is the markup in percent?
  28. 28.One jute bag costs ₹12 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹52 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹28 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹10 to make and Nisha sells it for ₹15. What is the markup in percent?
  33. 33.One handmade card costs ₹20 to make and Zoya sells it for ₹24. What is the markup in percent?
  34. 34.One painted pebble costs ₹24 to make and Kavya sells it for ₹30. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹25 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹31 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹40 to make and Riya sells it for ₹48. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹19 to make and Meera sells it for ₹38. What is the markup in percent?
  40. 40.One cupcake costs ₹44 to make and Vihaan sells it for ₹66. What is the markup in percent?

Answer key

  1. 66
  2. a loss
  3. 54
  4. 18
  5. cost + a markup
  6. 22
  7. 36
  8. 10
  9. 55
  10. 100
  11. what buyers will pay
  12. 36
  13. 14
  14. 72
  15. 9
  16. 22
  17. 4
  18. 100
  19. 78
  20. 10
  21. 100
  22. 55
  23. 2
  24. 22
  25. 19
  26. 4
  27. 20
  28. 15
  29. 5
  30. 13
  31. 35
  32. 50
  33. 20
  34. 25
  35. 5
  36. 62
  37. 40
  38. 20
  39. 100
  40. 50

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