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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 54 · 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) free stock (b) break-even (c) a loss (d) a profit
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  3. 3.One cupcake costs ₹57 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹16 to make and Arjun sells it for ₹24. What is the markup in percent?
  5. 5.One fruit cup costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹44 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹51 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  11. 11.One handmade card costs ₹10 to make and Nisha sells it for ₹12. What is the markup in percent?
  12. 12.One jute bag costs ₹18 to make and Dev sells it for ₹27. What is the markup in percent?
  13. 13.One potted plant costs ₹48 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹28 to make and Kabir sells it for ₹35. What is the markup in percent?
  15. 15.One painted pebble costs ₹40 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  19. 19.One jute bag costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹24 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹50 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹23 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹12 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  26. 26.One cupcake costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹22 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹10 to make and Ishaan sells it for ₹12. What is the markup in percent?
  32. 32.One glass of chai costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  33. 33.One clay diya costs ₹22 to make and Rohan sells it for ₹44. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹12 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹33 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹42 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  38. 38.One handmade card costs ₹46 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  40. 40.One cupcake costs ₹56 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. cost + a markup
  3. 57
  4. 50
  5. 3
  6. 10
  7. 88
  8. 1
  9. 102
  10. what buyers will pay
  11. 20
  12. 50
  13. 60
  14. 25
  15. 4
  16. 18
  17. 20
  18. 10 rupees
  19. 30
  20. 30
  21. 1
  22. 55
  23. 23
  24. 18
  25. 10
  26. 10
  27. 3
  28. 15
  29. 33
  30. 20
  31. 20
  32. 10
  33. 100
  34. 3
  35. 33
  36. 21
  37. 10
  38. 69
  39. 20
  40. 56

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