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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 597 · 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) break-even (b) free stock (c) a loss (d) a profit
  2. 2.One handmade card costs ₹60 to make and Nisha sells it for ₹75. What is the markup in percent?
  3. 3.One potted plant costs ₹26 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹40 to make and Vihaan sells it for ₹50. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  6. 6.One jute bag costs ₹39 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹10 to make and Aarav sells it for ₹15. What is the markup in percent?
  8. 8.One handmade card costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  10. 10.One fruit cup costs ₹52 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  12. 12.One cup of lemonade costs ₹38 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹28 to make and Dev sells it for ₹35. What is the markup in percent?
  14. 14.One cupcake costs ₹15 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹50 to make and Farhan sells it for ₹75. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  17. 17.One glass of chai costs ₹60 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹45 to make and Arjun sells it for ₹54. What is the markup in percent?
  19. 19.One jute bag costs ₹56 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹48 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  24. 24.One cupcake costs ₹33 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹24 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹18 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹38 to make and Dev sells it for ₹57. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹10 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹24 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  30. 30.One potted plant costs ₹44 to make and Diya sells it for ₹66. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹56 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹36 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹56 to make and Ananya sells it for ₹112. What is the markup in percent?
  36. 36.One paper bookmark costs ₹56 to make and Zoya sells it for ₹84. What is the markup in percent?
  37. 37.One paper bookmark costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  38. 38.One handmade card costs ₹56 to make and Riya sells it for ₹84. What is the markup in percent?
  39. 39.One handmade card costs ₹44 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹40 to make and Zoya sells it for ₹48. What is the markup in percent?

Answer key

  1. a loss
  2. 25
  3. 39
  4. 25
  5. 20
  6. 78
  7. 50
  8. 22
  9. what buyers will pay
  10. 65
  11. 10 rupees
  12. 57
  13. 25
  14. 18
  15. 50
  16. 10
  17. 15
  18. 20
  19. 14
  20. 11
  21. 6
  22. 60
  23. cost + a markup
  24. 66
  25. 30
  26. 27
  27. 50
  28. 10
  29. 25
  30. 50
  31. 28
  32. 42
  33. 45
  34. 50
  35. 100
  36. 50
  37. 10
  38. 50
  39. 55
  40. 20

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