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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 544 · 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 paper bookmark costs ₹32 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  3. 3.One paper bookmark costs ₹34 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One cupcake costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  7. 7.One handmade card costs ₹26 to make and Ishaan sells it for ₹52. What is the markup in percent?
  8. 8.One painted pebble costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹52 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  11. 11.One cupcake costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹12 to make and Meera sells it for ₹15. What is the markup in percent?
  13. 13.One handmade card costs ₹32 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One fruit cup costs ₹22 to make and Meera sells it for ₹33. What is the markup in percent?
  15. 15.One cupcake costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  17. 17.One potted plant costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹48 to make and Joseph sells it for ₹96. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹56 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One cupcake costs ₹12 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹16 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹59 to make and Kabir sells it for ₹118. What is the markup in percent?
  23. 23.One clay diya costs ₹15 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹18 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹60 to make and Rohan sells it for ₹72. What is the markup in percent?
  26. 26.One handmade card costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹50 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹56 to make and Tara sells it for ₹84. What is the markup in percent?
  29. 29.One handmade card costs ₹25 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹16 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹10 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹45 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹28 to make and Kabir sells it for ₹56. What is the markup in percent?
  35. 35.One glass of chai costs ₹50 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹20 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹28 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹25 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹35 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 48
  2. cost + a markup
  3. 51
  4. 66
  5. a loss
  6. 10 rupees
  7. 100
  8. 30
  9. 65
  10. 10
  11. 6
  12. 25
  13. 48
  14. 50
  15. 22
  16. what buyers will pay
  17. 25
  18. 100
  19. 84
  20. 15
  21. 24
  22. 100
  23. 15
  24. 9
  25. 20
  26. 1
  27. 25
  28. 50
  29. 30
  30. 20
  31. 12
  32. 3
  33. 54
  34. 100
  35. 5
  36. 25
  37. 42
  38. 3
  39. 50
  40. 7

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