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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 471 · 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) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  2. 2.One handmade card costs ₹38 to make and Arjun sells it for ₹57. What is the markup in percent?
  3. 3.One painted pebble costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  4. 4.One cupcake costs ₹51 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹24 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹45 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  8. 8.One friendship band costs ₹48 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  10. 10.One cupcake costs ₹20 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹12 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹40 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹24 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?
  15. 15.One clay diya costs ₹18 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One potted plant costs ₹52 to make and Meera sells it for ₹78. What is the markup in percent?
  17. 17.One paper bookmark costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  22. 22.One paper bookmark costs ₹26 to make and Diya sells it for ₹39. What is the markup in percent?
  23. 23.One jute bag costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹52 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?
  26. 26.One fruit cup costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹40 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One friendship band costs ₹44 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹11 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹22 to make and Kavya sells it for ₹44. What is the markup in percent?
  33. 33.One fruit cup costs ₹34 to make and Riya sells it for ₹68. What is the markup in percent?
  34. 34.One handmade card costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹25 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹26 to make and Saanvi sells it for ₹52. What is the markup in percent?
  37. 37.One clay diya costs ₹60 to make and Zoya sells it for ₹75. What is the markup in percent?
  38. 38.One clay diya costs ₹17 to make and Farhan sells it for ₹34. What is the markup in percent?
  39. 39.One clay diya costs ₹56 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 50
  3. 10
  4. 102
  5. 30
  6. 54
  7. what buyers will pay
  8. 60
  9. a loss
  10. 20
  11. 24
  12. 8
  13. 30
  14. 10
  15. 9
  16. 50
  17. 24
  18. 66
  19. 4
  20. 20
  21. 10 rupees
  22. 50
  23. 11
  24. 13
  25. 10
  26. 1
  27. 20
  28. 66
  29. 4
  30. 11
  31. 6
  32. 100
  33. 100
  34. 55
  35. 5
  36. 100
  37. 25
  38. 100
  39. 70
  40. 11

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