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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 612 · 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) a profit (c) free stock (d) a loss
  2. 2.One glass of chai costs ₹22 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹27 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹20 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹40 to make and Farhan sells it for ₹48. What is the markup in percent?
  6. 6.One clay diya costs ₹12 to make and Kabir sells it for ₹18. What is the markup in percent?
  7. 7.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  8. 8.One paper bookmark costs ₹25 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹12 to make and Lakshmi sells it for ₹15. What is the markup in percent?
  10. 10.One friendship band costs ₹56 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  12. 12.One cup of lemonade costs ₹40 to make and Dev sells it for ₹50. What is the markup in percent?
  13. 13.One glass of chai costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹36 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  15. 15.One glass of chai costs ₹55 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹28 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹28 to make and Farhan sells it for ₹35. What is the markup in percent?
  19. 19.One clay diya costs ₹56 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹14 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹50 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹36 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹10 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹56 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹24 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹34 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹36 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹29 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  34. 34.One paper bookmark costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹50 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹40 to make and Zoya sells it for ₹48. What is the markup in percent?
  37. 37.One friendship band costs ₹50 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹17 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  40. 40.One glass of chai costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 33
  3. 54
  4. 4
  5. 20
  6. 50
  7. cost + a markup
  8. 5
  9. 25
  10. 14
  11. what buyers will pay
  12. 25
  13. 20
  14. 50
  15. 66
  16. 14
  17. 11
  18. 25
  19. 14
  20. 21
  21. 60
  22. 36
  23. 10
  24. 84
  25. 4
  26. 12
  27. 34
  28. 66
  29. 66
  30. 4
  31. 54
  32. 58
  33. 10
  34. 48
  35. 10
  36. 20
  37. 10
  38. 17
  39. 10
  40. 12

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