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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 474 · 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.One bag of popcorn costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  3. 3.One friendship band costs ₹30 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹55 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹10 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹11 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹52 to make and Joseph sells it for ₹78. What is the markup in percent?
  8. 8.One potted plant costs ₹16 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One jute bag costs ₹10 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  11. 11.One potted plant costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  13. 13.One friendship band costs ₹24 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  15. 15.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  16. 16.One painted pebble costs ₹45 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹20 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹20 to make and Tara sells it for ₹24. What is the markup in percent?
  20. 20.One potted plant costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹53 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹15 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹48 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹54 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹31 to make and Tara sells it for ₹62. What is the markup in percent?
  30. 30.One glass of chai costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  31. 31.One clay diya costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹38 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹12 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹23 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹32 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹15 to make and Nisha sells it for ₹18. What is the markup in percent?
  39. 39.One clay diya costs ₹15 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 15
  2. what buyers will pay
  3. 6
  4. 11
  5. 5
  6. 22
  7. 50
  8. 24
  9. 12
  10. cost + a markup
  11. 5
  12. 10
  13. 30
  14. 36
  15. a loss
  16. 54
  17. 2
  18. 20
  19. 20
  20. 24
  21. 106
  22. 6
  23. 30
  24. 60
  25. 81
  26. 42
  27. 36
  28. 7
  29. 100
  30. 10
  31. 2
  32. 38
  33. 3
  34. 6
  35. 6
  36. 46
  37. 16
  38. 20
  39. 30
  40. 12

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