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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 463 · 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) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  2. 2.One clay diya costs ₹44 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  4. 4.One cupcake costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹32 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  7. 7.One potted plant costs ₹46 to make and Vihaan sells it for ₹69. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  9. 9.One glass of chai costs ₹28 to make and Nisha sells it for ₹42. What is the markup in percent?
  10. 10.One glass of chai costs ₹40 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  15. 15.One glass of chai costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹22 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹27 to make and Zoya sells it for ₹54. What is the markup in percent?
  19. 19.One glass of chai costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹20 to make and Ananya sells it for ₹30. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹40 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  26. 26.One handmade card costs ₹32 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹52 to make and Vihaan sells it for ₹78. What is the markup in percent?
  28. 28.One jute bag costs ₹12 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹18 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹16 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹60 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹45 to make and Ishaan sells it for ₹54. What is the markup in percent?
  35. 35.One cupcake costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  36. 36.One glass of chai costs ₹60 to make and Rohan sells it for ₹72. What is the markup in percent?
  37. 37.One cupcake costs ₹60 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  39. 39.One fruit cup costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 66
  3. 25
  4. 60
  5. 32
  6. what buyers will pay
  7. 50
  8. a loss
  9. 50
  10. 8
  11. 3
  12. 55
  13. 20
  14. 10
  15. 5
  16. 22
  17. 55
  18. 100
  19. 22
  20. 50
  21. 55
  22. 8
  23. 2
  24. 66
  25. 10 rupees
  26. 8
  27. 50
  28. 3
  29. 33
  30. 9
  31. 16
  32. 12
  33. 10
  34. 20
  35. 10
  36. 20
  37. 72
  38. 10
  39. 4
  40. 10

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