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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 614 · 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.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  2. 2.One handmade card costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹32 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹28 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹41 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  8. 8.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  9. 9.One paper bookmark costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹16 to make and Kavya sells it for ₹24. What is the markup in percent?
  11. 11.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  12. 12.One clay diya costs ₹40 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹26 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹56 to make and Meera sells it for ₹70. What is the markup in percent?
  15. 15.One paper bookmark costs ₹32 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹34 to make and Saanvi sells it for ₹68. What is the markup in percent?
  18. 18.One painted pebble costs ₹28 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹32 to make and Rohan sells it for ₹40. What is the markup in percent?
  20. 20.One friendship band costs ₹16 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹44 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹55 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹60 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹28 to make and Ananya sells it for ₹35. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹15 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹30 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹27 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹40 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  30. 30.One potted plant costs ₹39 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹54 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹24 to make and Riya sells it for ₹36. What is the markup in percent?
  33. 33.One friendship band costs ₹20 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹52 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹55 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹56 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  40. 40.One paper bookmark costs ₹56 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 4
  3. 48
  4. 3
  5. 35
  6. 41
  7. 10 rupees
  8. cost + a markup
  9. 5
  10. 50
  11. a loss
  12. 48
  13. 52
  14. 25
  15. 64
  16. 24
  17. 100
  18. 7
  19. 25
  20. 8
  21. 66
  22. 66
  23. 30
  24. 25
  25. 18
  26. 36
  27. 27
  28. 44
  29. 10
  30. 78
  31. 54
  32. 50
  33. 25
  34. 65
  35. 11
  36. 44
  37. 1
  38. 70
  39. 10
  40. 84

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