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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 532 · 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) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  2. 2.One cup of lemonade costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  4. 4.One jute bag costs ₹20 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹28 to make and Kavya sells it for ₹42. What is the markup in percent?
  6. 6.One cupcake costs ₹52 to make and Aarav sells it for ₹65. What is the markup in percent?
  7. 7.One glass of chai costs ₹10 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One cupcake costs ₹55 to make and Saanvi sells it for ₹66. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹44 to make and Meera sells it for ₹66. What is the markup in percent?
  10. 10.One glass of chai costs ₹14 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹13 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹60 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹40 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹21 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹60 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹44 to make and Aarav sells it for ₹66. What is the markup in percent?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  22. 22.One painted pebble costs ₹10 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹24 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹10 to make and Meera sells it for ₹12. What is the markup in percent?
  25. 25.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  26. 26.One friendship band costs ₹42 to make and Nisha sells it for ₹84. What is the markup in percent?
  27. 27.One painted pebble costs ₹28 to make and Meera sells it for ₹35. What is the markup in percent?
  28. 28.One jute bag costs ₹36 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹43 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  31. 31.One paper bookmark costs ₹48 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹22 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹50 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹16 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 60
  3. cost + a markup
  4. 40
  5. 50
  6. 25
  7. 12
  8. 20
  9. 50
  10. 21
  11. 4
  12. 13
  13. 44
  14. 15
  15. 60
  16. 21
  17. 70
  18. 6
  19. 10
  20. 50
  21. 10 rupees
  22. 15
  23. 48
  24. 20
  25. a loss
  26. 100
  27. 25
  28. 36
  29. 86
  30. 20
  31. 72
  32. 33
  33. 45
  34. 55
  35. 4
  36. 4
  37. 33
  38. 2
  39. 4
  40. 44

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