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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 498 · 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) what buyers will pay (d) your favourite number
  2. 2.One paper bookmark costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹35 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹48 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹52 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹39 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  9. 9.One cup of lemonade costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  10. 10.One jute bag costs ₹22 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹36 to make and Saanvi sells it for ₹54. What is the markup in percent?
  12. 12.One potted plant costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  13. 13.One glass of chai costs ₹45 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹60 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  16. 16.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  17. 17.One potted plant costs ₹10 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹43 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹20 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹12 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  23. 23.One paper bookmark costs ₹12 to make and Riya sells it for ₹18. What is the markup in percent?
  24. 24.One glass of chai costs ₹52 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹36 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹24 to make and Kabir sells it for ₹30. What is the markup in percent?
  29. 29.One painted pebble costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹40 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹40 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹32 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹49 to make and Ananya sells it for ₹98. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹60 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹53 to make and Aarav sells it for ₹106. What is the markup in percent?
  39. 39.One painted pebble costs ₹30 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹42 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 20
  3. 7
  4. 60
  5. 13
  6. 39
  7. 20
  8. 10 rupees
  9. 10
  10. 33
  11. 50
  12. 10
  13. 54
  14. 75
  15. cost + a markup
  16. a loss
  17. 2
  18. 20
  19. 43
  20. 2
  21. 18
  22. 10
  23. 50
  24. 104
  25. 45
  26. 44
  27. 3
  28. 25
  29. 11
  30. 40
  31. 24
  32. 20
  33. 2
  34. 4
  35. 8
  36. 100
  37. 72
  38. 100
  39. 60
  40. 84

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