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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 528 · 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) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  2. 2.One clay diya costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  4. 4.One clay diya costs ₹60 to make and Diya sells it for ₹90. What is the markup in percent?
  5. 5.One paper bookmark costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  6. 6.One fruit cup costs ₹26 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  8. 8.One handmade card costs ₹56 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One painted pebble costs ₹21 to make and Diya sells it for ₹42. What is the markup in percent?
  10. 10.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  11. 11.One glass of chai costs ₹28 to make and Nisha sells it for ₹42. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹10 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹54 to make and Tara sells it for ₹81. What is the markup in percent?
  14. 14.One handmade card costs ₹30 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹24 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  17. 17.One glass of chai costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹24 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹20 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹48 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹48 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹39 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹19 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹25 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  32. 32.One potted plant costs ₹20 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹12 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹24 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹16 to make and Saanvi sells it for ₹20. What is the markup in percent?
  37. 37.One paper bookmark costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  38. 38.One paper bookmark costs ₹24 to make and Saanvi sells it for ₹36. What is the markup in percent?
  39. 39.One potted plant costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  40. 40.One friendship band costs ₹26 to make. Meera adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 4
  3. what buyers will pay
  4. 50
  5. 10
  6. 13
  7. 10
  8. 14
  9. 100
  10. a loss
  11. 50
  12. 12
  13. 50
  14. 6
  15. 24
  16. 10 rupees
  17. 24
  18. 22
  19. 48
  20. 1
  21. 22
  22. 72
  23. 48
  24. 39
  25. 5
  26. 19
  27. 11
  28. 55
  29. 25
  30. 55
  31. 10
  32. 5
  33. 4
  34. 18
  35. 30
  36. 25
  37. 10
  38. 50
  39. 10
  40. 52

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