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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 645 · 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) free stock (b) a loss (c) a profit (d) break-even
  2. 2.One handmade card costs ₹28 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  4. 4.One glass of chai costs ₹16 to make and Tara sells it for ₹20. What is the markup in percent?
  5. 5.One glass of chai costs ₹45 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹15 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  8. 8.One potted plant costs ₹13 to make and Zoya sells it for ₹26. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹15 to make and Joseph sells it for ₹30. What is the markup in percent?
  10. 10.One friendship band costs ₹34 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  12. 12.One bag of popcorn costs ₹16 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹58 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹36 to make and Gurpreet sells it for ₹54. What is the markup in percent?
  15. 15.One jute bag costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹40 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹40 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹60 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹20 to make and Rohan sells it for ₹24. What is the markup in percent?
  20. 20.One handmade card costs ₹14 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹24 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹30 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  24. 24.One cupcake costs ₹22 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  26. 26.One painted pebble costs ₹12 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹25 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹55 to make and Dev sells it for ₹110. What is the markup in percent?
  30. 30.One glass of chai costs ₹49 to make and Diya sells it for ₹98. What is the markup in percent?
  31. 31.One friendship band costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?
  33. 33.One fruit cup costs ₹28 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹52 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹15 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  37. 37.One fruit cup costs ₹22 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹52 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  40. 40.One paper bookmark costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 35
  3. cost + a markup
  4. 25
  5. 9
  6. 18
  7. what buyers will pay
  8. 100
  9. 100
  10. 68
  11. 10 rupees
  12. 24
  13. 116
  14. 50
  15. 1
  16. 50
  17. 4
  18. 30
  19. 20
  20. 28
  21. 12
  22. 45
  23. 10
  24. 33
  25. 10
  26. 18
  27. 6
  28. 5
  29. 100
  30. 100
  31. 22
  32. 10
  33. 35
  34. 26
  35. 30
  36. 100
  37. 11
  38. 52
  39. 25
  40. 22

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