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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 541 · 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.One glass of chai costs ₹44 to make and Diya sells it for ₹55. What is the markup in percent?
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  3. 3.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  4. 4.One potted plant costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹60 to make and Joseph sells it for ₹75. What is the markup in percent?
  6. 6.One painted pebble costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One clay diya costs ₹23 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹10 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹52 to make and Ishaan sells it for ₹104. What is the markup in percent?
  11. 11.One fruit cup costs ₹45 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹42 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹44 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹37 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  18. 18.One handmade card costs ₹48 to make and Ishaan sells it for ₹96. What is the markup in percent?
  19. 19.One clay diya costs ₹14 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹44 to make and Ishaan sells it for ₹55. What is the markup in percent?
  21. 21.One clay diya costs ₹28 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹48 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹16 to make and Dev sells it for ₹24. What is the markup in percent?
  27. 27.One friendship band costs ₹36 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  28. 28.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  29. 29.One glass of chai costs ₹41 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  31. 31.One paper bookmark costs ₹57 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹60 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹30 to make and Aarav sells it for ₹36. What is the markup in percent?
  34. 34.One bag of popcorn costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹35 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹30 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹45 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?

Answer key

  1. 25
  2. cost + a markup
  3. a loss
  4. 45
  5. 25
  6. 2
  7. 46
  8. 20
  9. 22
  10. 100
  11. 54
  12. 44
  13. 63
  14. 4
  15. 88
  16. 37
  17. what buyers will pay
  18. 100
  19. 7
  20. 25
  21. 35
  22. 22
  23. 72
  24. 6
  25. 6
  26. 50
  27. 45
  28. 10 rupees
  29. 41
  30. 10
  31. 57
  32. 15
  33. 20
  34. 22
  35. 42
  36. 15
  37. 2
  38. 66
  39. 9
  40. 10

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