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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 620 · 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) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  2. 2.One paper bookmark costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One clay diya costs ₹28 to make and Gurpreet sells it for ₹35. What is the markup in percent?
  4. 4.One clay diya costs ₹43 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  7. 7.One jute bag costs ₹24 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹52 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  10. 10.One cupcake costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹46 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹10 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹52 to make and Vihaan sells it for ₹78. What is the markup in percent?
  15. 15.One paper bookmark costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹20 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹44 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹50 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹55 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹51 to make and Rohan sells it for ₹102. What is the markup in percent?
  23. 23.One clay diya costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  25. 25.One potted plant costs ₹15 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One potted plant costs ₹52 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹52 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹35 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹28 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹36 to make and Meera sells it for ₹54. What is the markup in percent?
  32. 32.One glass of chai costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹40 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹35 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  35. 35.One friendship band costs ₹38 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  37. 37.One paper bookmark costs ₹16 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  39. 39.One clay diya costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹26 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 30
  3. 25
  4. 43
  5. 4
  6. a loss
  7. 36
  8. 52
  9. what buyers will pay
  10. 66
  11. 23
  12. 6
  13. 12
  14. 50
  15. 20
  16. 6
  17. 55
  18. 4
  19. 66
  20. 60
  21. 110
  22. 100
  23. 7
  24. 10 rupees
  25. 30
  26. 13
  27. 13
  28. 7
  29. 6
  30. 35
  31. 50
  32. 25
  33. 40
  34. 20
  35. 57
  36. 20
  37. 16
  38. 10
  39. 50
  40. 39

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