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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 5 · 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) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  2. 2.One clay diya costs ₹54 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  4. 4.One clay diya costs ₹54 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹46 to make and Gurpreet sells it for ₹69. What is the markup in percent?
  6. 6.One paper bookmark costs ₹12 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  9. 9.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  10. 10.One fruit cup costs ₹24 to make and Nisha sells it for ₹30. What is the markup in percent?
  11. 11.One potted plant costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹49 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹15 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹24 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹26 to make and Riya sells it for ₹39. What is the markup in percent?
  17. 17.One clay diya costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  18. 18.One handmade card costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  19. 19.One cupcake costs ₹52 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹30 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹41 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹52 to make and Kabir sells it for ₹65. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹30 to make and Rohan sells it for ₹45. What is the markup in percent?
  24. 24.One friendship band costs ₹20 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  26. 26.One jute bag costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  27. 27.One fruit cup costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹35 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹52 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  36. 36.One bag of popcorn costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  39. 39.One friendship band costs ₹23 to make and Ananya sells it for ₹46. What is the markup in percent?
  40. 40.One paper bookmark costs ₹18 to make. Tara adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 108
  3. 10 rupees
  4. 81
  5. 50
  6. 6
  7. 2
  8. what buyers will pay
  9. a loss
  10. 25
  11. 3
  12. 49
  13. 33
  14. 3
  15. 30
  16. 50
  17. 10
  18. 10
  19. 13
  20. 45
  21. 41
  22. 25
  23. 50
  24. 20
  25. 20
  26. 10
  27. 22
  28. 70
  29. 1
  30. 6
  31. 6
  32. 44
  33. 44
  34. 65
  35. 50
  36. 11
  37. 11
  38. 20
  39. 100
  40. 36

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