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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 506 · 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.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  2. 2.One potted plant costs ₹40 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  4. 4.One bag of popcorn costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs ₹57 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  7. 7.One paper bookmark costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  8. 8.One potted plant costs ₹44 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹12 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹60 to make and Riya sells it for ₹75. What is the markup in percent?
  11. 11.One clay diya costs ₹32 to make and Ananya sells it for ₹48. What is the markup in percent?
  12. 12.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  13. 13.One jute bag costs ₹25 to make and Dev sells it for ₹30. What is the markup in percent?
  14. 14.One potted plant costs ₹20 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹60 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹58 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹40 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹60 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  20. 20.One glass of chai costs ₹20 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹20 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹18 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹55 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹20 to make and Saanvi sells it for ₹25. What is the markup in percent?
  25. 25.One handmade card costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹28 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹34 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹56 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹36 to make and Rohan sells it for ₹54. What is the markup in percent?
  31. 31.One clay diya costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹13 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹54 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹12 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One cupcake costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  36. 36.One handmade card costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  37. 37.One handmade card costs ₹20 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹16 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹18 to make and Dev sells it for ₹27. What is the markup in percent?

Answer key

  1. a loss
  2. 50
  3. what buyers will pay
  4. 4
  5. 57
  6. 10 rupees
  7. 10
  8. 11
  9. 6
  10. 25
  11. 50
  12. cost + a markup
  13. 20
  14. 25
  15. 12
  16. 29
  17. 50
  18. 12
  19. 10
  20. 10
  21. 24
  22. 18
  23. 110
  24. 25
  25. 11
  26. 7
  27. 51
  28. 12
  29. 14
  30. 50
  31. 1
  32. 26
  33. 108
  34. 3
  35. 10
  36. 10
  37. 4
  38. 32
  39. 44
  40. 50

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