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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 485 · 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) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  3. 3.One cup of lemonade costs ₹60 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  5. 5.One painted pebble costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹14 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹44 to make and Kavya sells it for ₹66. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  10. 10.One paper bookmark costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  11. 11.One potted plant costs ₹18 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹40 to make and Rohan sells it for ₹80. What is the markup in percent?
  13. 13.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  14. 14.One painted pebble costs ₹26 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹52 to make and Riya sells it for ₹78. What is the markup in percent?
  16. 16.One clay diya costs ₹56 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹56 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹52 to make and Farhan sells it for ₹78. What is the markup in percent?
  19. 19.One handmade card costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹25 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹40 to make and Farhan sells it for ₹48. What is the markup in percent?
  22. 22.One friendship band costs ₹14 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹40 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹11 to make and Meera sells it for ₹22. What is the markup in percent?
  25. 25.One jute bag costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹36 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹20 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹12 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?
  31. 31.One paper bookmark costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹16 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹38 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  36. 36.One potted plant costs ₹30 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹12 to make and Kavya sells it for ₹24. What is the markup in percent?
  39. 39.One clay diya costs ₹24 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. cost + a markup
  3. 15
  4. 10
  5. 65
  6. 3
  7. 21
  8. 50
  9. 10 rupees
  10. 20
  11. 27
  12. 100
  13. a loss
  14. 52
  15. 50
  16. 70
  17. 14
  18. 50
  19. 66
  20. 30
  21. 20
  22. 21
  23. 48
  24. 100
  25. 66
  26. 72
  27. 10
  28. 6
  29. 10
  30. 10
  31. 44
  32. 20
  33. 76
  34. 12
  35. 10
  36. 30
  37. 30
  38. 100
  39. 30
  40. 33

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