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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 606 · 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 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  2. 2.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  3. 3.One cup of lemonade costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹35 to make and Farhan sells it for ₹70. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  6. 6.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  7. 7.One handmade card costs ₹40 to make and Zoya sells it for ₹50. What is the markup in percent?
  8. 8.One handmade card costs ₹60 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹36 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹20 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹52 to make and Nisha sells it for ₹65. What is the markup in percent?
  12. 12.One glass of chai costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  13. 13.One handmade card costs ₹35 to make and Tara sells it for ₹42. What is the markup in percent?
  14. 14.One clay diya costs ₹44 to make and Arjun sells it for ₹66. What is the markup in percent?
  15. 15.One glass of chai costs ₹34 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹29 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹36 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹39 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  22. 22.One paper bookmark costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹25 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  25. 25.One painted pebble costs ₹17 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹22 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹36 to make and Tara sells it for ₹45. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹55 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹10 to make and Farhan sells it for ₹15. What is the markup in percent?
  31. 31.One fruit cup costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  32. 32.One fruit cup costs ₹48 to make and Rohan sells it for ₹96. What is the markup in percent?
  33. 33.One painted pebble costs ₹35 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹60 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹47 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 10 rupees
  2. a loss
  3. 3
  4. 100
  5. 10
  6. what buyers will pay
  7. 25
  8. 75
  9. 45
  10. 20
  11. 25
  12. 10
  13. 20
  14. 50
  15. 34
  16. 5
  17. 55
  18. 58
  19. 54
  20. 39
  21. cost + a markup
  22. 11
  23. 5
  24. 10
  25. 34
  26. 33
  27. 12
  28. 25
  29. 66
  30. 50
  31. 20
  32. 100
  33. 42
  34. 15
  35. 22
  36. 66
  37. 3
  38. 90
  39. 94
  40. 22

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