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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 465 · 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) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  2. 2.One painted pebble costs ₹10 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹10 to make and Dev sells it for ₹12. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹52 to make and Zoya sells it for ₹78. What is the markup in percent?
  6. 6.One cupcake costs ₹56 to make and Meera sells it for ₹84. What is the markup in percent?
  7. 7.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  8. 8.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  9. 9.One painted pebble costs ₹16 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹32 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹22 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹29 to make and Farhan sells it for ₹58. What is the markup in percent?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  14. 14.One clay diya costs ₹44 to make and Tara sells it for ₹55. What is the markup in percent?
  15. 15.One fruit cup costs ₹15 to make and Tara sells it for ₹18. What is the markup in percent?
  16. 16.One cupcake costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  17. 17.One handmade card costs ₹22 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹45 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹60 to make and Joseph sells it for ₹72. What is the markup in percent?
  20. 20.One potted plant costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One painted pebble costs ₹60 to make and Riya sells it for ₹120. What is the markup in percent?
  23. 23.One handmade card costs ₹34 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹54 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹20 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹49 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹54 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  30. 30.One potted plant costs ₹36 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹58 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  33. 33.One potted plant costs ₹57 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹35 to make and Meera sells it for ₹42. What is the markup in percent?
  37. 37.One jute bag costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹23 to make and Rohan sells it for ₹46. What is the markup in percent?
  39. 39.One painted pebble costs ₹52 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹30 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 1
  3. 55
  4. 20
  5. 50
  6. 50
  7. a loss
  8. cost + a markup
  9. 4
  10. 8
  11. 44
  12. 100
  13. 10 rupees
  14. 25
  15. 20
  16. 10
  17. 22
  18. 9
  19. 20
  20. 6
  21. 50
  22. 100
  23. 51
  24. 27
  25. 25
  26. 3
  27. 49
  28. 54
  29. 10
  30. 36
  31. 58
  32. 10
  33. 114
  34. 3
  35. 3
  36. 20
  37. 33
  38. 100
  39. 65
  40. 36

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