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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 613 · 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.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  2. 2.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  3. 3.One clay diya costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One friendship band costs ₹14 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  8. 8.One potted plant costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹51 to make and Nisha sells it for ₹102. What is the markup in percent?
  11. 11.One glass of chai costs ₹48 to make and Ananya sells it for ₹60. What is the markup in percent?
  12. 12.One fruit cup costs ₹10 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹35 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹40 to make and Zoya sells it for ₹60. What is the markup in percent?
  15. 15.One handmade card costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  17. 17.One clay diya costs ₹48 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹40 to make and Dev sells it for ₹50. What is the markup in percent?
  19. 19.One fruit cup costs ₹40 to make and Nisha sells it for ₹48. What is the markup in percent?
  20. 20.One clay diya costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  21. 21.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  22. 22.One clay diya costs ₹36 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  24. 24.One handmade card costs ₹32 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹44 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹24 to make and Rohan sells it for ₹30. What is the markup in percent?
  27. 27.One jute bag costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  28. 28.One fruit cup costs ₹54 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  30. 30.One jute bag costs ₹48 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹24 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  32. 32.One glass of chai costs ₹15 to make and Arjun sells it for ₹18. What is the markup in percent?
  33. 33.One friendship band costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹12 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹45 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  37. 37.One fruit cup costs ₹40 to make and Joseph sells it for ₹50. What is the markup in percent?
  38. 38.One clay diya costs ₹50 to make and Riya sells it for ₹75. What is the markup in percent?
  39. 39.One cupcake costs ₹12 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?

Answer key

  1. cost + a markup
  2. a loss
  3. 6
  4. 4
  5. 14
  6. 10
  7. 10 rupees
  8. 22
  9. 6
  10. 100
  11. 25
  12. 12
  13. 42
  14. 50
  15. 6
  16. 10
  17. 96
  18. 25
  19. 20
  20. 20
  21. what buyers will pay
  22. 18
  23. 10
  24. 16
  25. 55
  26. 25
  27. 10
  28. 108
  29. 10
  30. 12
  31. 25
  32. 20
  33. 11
  34. 15
  35. 9
  36. 10
  37. 25
  38. 50
  39. 6
  40. 10

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