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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 649 · 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.One glass of chai costs ₹60 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One painted pebble costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹43 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹16 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹40 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹58 to make and Diya sells it for ₹87. What is the markup in percent?
  11. 11.One handmade card costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One painted pebble costs ₹56 to make and Rohan sells it for ₹70. What is the markup in percent?
  13. 13.One paper bookmark costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹32 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹48 to make and Riya sells it for ₹60. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹28 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹18 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹36 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  21. 21.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  22. 22.One painted pebble costs ₹20 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹20 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹32 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  26. 26.One cup of lemonade costs ₹56 to make and Lakshmi sells it for ₹70. What is the markup in percent?
  27. 27.One handmade card costs ₹40 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹36 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹60 to make and Rohan sells it for ₹72. What is the markup in percent?
  30. 30.One glass of chai costs ₹12 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹25 to make and Tara sells it for ₹30. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹12 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹26 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  37. 37.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  38. 38.One bag of popcorn costs ₹15 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹34 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 72
  3. 48
  4. 12
  5. 86
  6. 24
  7. 20
  8. 33
  9. 44
  10. 50
  11. 5
  12. 25
  13. 55
  14. 11
  15. 40
  16. 25
  17. 35
  18. 72
  19. 9
  20. 54
  21. a loss
  22. 25
  23. 25
  24. 8
  25. 10 rupees
  26. 25
  27. 48
  28. 18
  29. 20
  30. 18
  31. 20
  32. 48
  33. 2
  34. 15
  35. 26
  36. 10
  37. cost + a markup
  38. 30
  39. 10
  40. 51

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