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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 513 · 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) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  3. 3.One cup of lemonade costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹16 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  8. 8.One clay diya costs ₹35 to make and Ishaan sells it for ₹42. What is the markup in percent?
  9. 9.One painted pebble costs ₹20 to make and Joseph sells it for ₹25. What is the markup in percent?
  10. 10.One friendship band costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  13. 13.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  14. 14.One paper bookmark costs ₹30 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹22 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  17. 17.One handmade card costs ₹16 to make and Ananya sells it for ₹20. What is the markup in percent?
  18. 18.One potted plant costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹32 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹36 to make and Ishaan sells it for ₹45. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹40 to make and Zoya sells it for ₹48. What is the markup in percent?
  22. 22.One painted pebble costs ₹16 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹30 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹17 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One potted plant costs ₹14 to make and Ishaan sells it for ₹21. What is the markup in percent?
  27. 27.One fruit cup costs ₹24 to make and Zoya sells it for ₹36. What is the markup in percent?
  28. 28.One jute bag costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹16 to make and Nisha sells it for ₹20. What is the markup in percent?
  31. 31.One paper bookmark costs ₹60 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹52 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹48 to make and Kavya sells it for ₹72. What is the markup in percent?
  36. 36.One jute bag costs ₹35 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹38 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹42 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 10 rupees
  3. 3
  4. 55
  5. 6
  6. 24
  7. 10
  8. 20
  9. 25
  10. 11
  11. 12
  12. a loss
  13. cost + a markup
  14. 45
  15. 2
  16. 100
  17. 25
  18. 2
  19. 40
  20. 25
  21. 20
  22. 20
  23. 10
  24. 60
  25. 34
  26. 50
  27. 50
  28. 55
  29. 55
  30. 25
  31. 6
  32. 10
  33. 65
  34. 4
  35. 50
  36. 7
  37. 57
  38. 10
  39. 63
  40. 10

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