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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 448 · 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) break-even (c) free stock (d) a profit
  2. 2.One clay diya costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹32 to make and Diya sells it for ₹64. What is the markup in percent?
  4. 4.One fruit cup costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹58 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  7. 7.One glass of chai costs ₹60 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One cupcake costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹54 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  11. 11.One painted pebble costs ₹14 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹28 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹48 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹55 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹23 to make and Saanvi sells it for ₹46. What is the markup in percent?
  16. 16.One jute bag costs ₹48 to make and Joseph sells it for ₹72. What is the markup in percent?
  17. 17.One friendship band costs ₹55 to make and Kavya sells it for ₹66. What is the markup in percent?
  18. 18.One cupcake costs ₹49 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹16 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  21. 21.One cup of lemonade costs ₹37 to make and Tara sells it for ₹74. What is the markup in percent?
  22. 22.One clay diya costs ₹38 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹60 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹40 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹10 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹40 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  27. 27.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  28. 28.One clay diya costs ₹12 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹12 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹44 to make and Farhan sells it for ₹88. What is the markup in percent?
  32. 32.One painted pebble costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹34 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹16 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹37 to make and Aarav sells it for ₹74. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹25 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹50 to make and Rohan sells it for ₹55. What is the markup in percent?
  39. 39.One glass of chai costs ₹50 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹16 to make. Diya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 6
  3. 100
  4. 12
  5. 87
  6. 25
  7. 75
  8. 4
  9. 27
  10. 10 rupees
  11. 7
  12. 42
  13. 96
  14. 11
  15. 100
  16. 50
  17. 20
  18. 49
  19. 20
  20. cost + a markup
  21. 100
  22. 19
  23. 30
  24. 60
  25. 5
  26. 50
  27. what buyers will pay
  28. 6
  29. 3
  30. 10
  31. 100
  32. 44
  33. 51
  34. 32
  35. 6
  36. 100
  37. 5
  38. 10
  39. 25
  40. 24

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