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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 454 · 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.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  2. 2.One jute bag costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One bag of popcorn costs ₹51 to make and Kavya sells it for ₹102. What is the markup in percent?
  4. 4.One handmade card costs ₹30 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹20 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹13 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹58 to make and Diya sells it for ₹87. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹35 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹10 to make and Aarav sells it for ₹20. What is the markup in percent?
  10. 10.One paper bookmark costs ₹16 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹10 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  13. 13.One cupcake costs ₹60 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹40 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹35 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  16. 16.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  17. 17.One paper bookmark costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cupcake costs ₹32 to make and Nisha sells it for ₹48. What is the markup in percent?
  19. 19.One handmade card costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹10 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One painted pebble costs ₹32 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹30 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹52 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹38 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹30 to make and Aarav sells it for ₹36. What is the markup in percent?
  26. 26.One friendship band costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  27. 27.One potted plant costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  28. 28.One handmade card costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹12 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹32 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹56 to make and Kabir sells it for ₹70. What is the markup in percent?
  32. 32.One clay diya costs ₹30 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹20 to make and Rohan sells it for ₹24. What is the markup in percent?
  34. 34.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  35. 35.One jute bag costs ₹28 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹44 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹40 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹41 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹60 to make and Kavya sells it for ₹75. What is the markup in percent?
  40. 40.One potted plant costs ₹36 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 4
  3. 100
  4. 36
  5. 20
  6. 13
  7. 50
  8. 42
  9. 100
  10. 4
  11. 12
  12. cost + a markup
  13. 90
  14. 8
  15. 42
  16. a loss
  17. 2
  18. 50
  19. 55
  20. 12
  21. 16
  22. 6
  23. 13
  24. 76
  25. 20
  26. 10
  27. 20
  28. 66
  29. 18
  30. 8
  31. 25
  32. 45
  33. 20
  34. 10 rupees
  35. 35
  36. 22
  37. 4
  38. 82
  39. 25
  40. 45

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