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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 637 · 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) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  4. 4.One jute bag costs ₹38 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  6. 6.One glass of chai costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹60 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  9. 9.One glass of chai costs ₹48 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹38 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹20 to make and Nisha sells it for ₹30. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹35 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  14. 14.One clay diya costs ₹10 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹12 to make and Aarav sells it for ₹18. What is the markup in percent?
  16. 16.One clay diya costs ₹16 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹40 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹28 to make and Diya sells it for ₹56. What is the markup in percent?
  20. 20.One jute bag costs ₹39 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹25 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹36 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹46 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹60 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹60 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹16 to make and Lakshmi sells it for ₹20. What is the markup in percent?
  30. 30.One glass of chai costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One clay diya costs ₹27 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹36 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹43 to make and Diya sells it for ₹86. What is the markup in percent?
  34. 34.One potted plant costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  35. 35.One glass of chai costs ₹36 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹52 to make and Aarav sells it for ₹65. What is the markup in percent?
  37. 37.One potted plant costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹43 to make and Tara sells it for ₹86. What is the markup in percent?
  39. 39.One painted pebble costs ₹48 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹50 to make. Meera adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. cost + a markup
  3. 10 rupees
  4. 19
  5. 10
  6. 33
  7. 15
  8. 20
  9. 24
  10. 38
  11. 50
  12. 42
  13. a loss
  14. 15
  15. 50
  16. 4
  17. 18
  18. 48
  19. 100
  20. 78
  21. 30
  22. 9
  23. 66
  24. 23
  25. 55
  26. 12
  27. 72
  28. 22
  29. 25
  30. 1
  31. 54
  32. 9
  33. 100
  34. 10
  35. 45
  36. 25
  37. 5
  38. 100
  39. 12
  40. 60

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