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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 657 · 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) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  2. 2.One handmade card costs ₹14 to make and Diya sells it for ₹28. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  4. 4.One cupcake costs ₹24 to make and Diya sells it for ₹36. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹47 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  7. 7.One cupcake costs ₹40 to make and Riya sells it for ₹60. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹11 to make and Aarav sells it for ₹22. What is the markup in percent?
  9. 9.One handmade card costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹56 to make and Rohan sells it for ₹84. What is the markup in percent?
  11. 11.One clay diya costs ₹44 to make and Saanvi sells it for ₹55. What is the markup in percent?
  12. 12.One painted pebble costs ₹40 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  14. 14.One potted plant costs ₹20 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹45 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One potted plant costs ₹12 to make and Kavya sells it for ₹24. What is the markup in percent?
  17. 17.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  18. 18.One jute bag costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  19. 19.One clay diya costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹60 to make and Vihaan sells it for ₹72. What is the markup in percent?
  22. 22.One clay diya costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹20 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹20 to make and Dev sells it for ₹24. What is the markup in percent?
  25. 25.One painted pebble costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  26. 26.One glass of chai costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹44 to make and Diya sells it for ₹55. What is the markup in percent?
  28. 28.One glass of chai costs ₹20 to make and Farhan sells it for ₹25. What is the markup in percent?
  29. 29.One clay diya costs ₹22 to make and Tara sells it for ₹44. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹40 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  33. 33.One painted pebble costs ₹52 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  35. 35.One cupcake costs ₹21 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹35 to make and Nisha sells it for ₹42. What is the markup in percent?
  39. 39.One clay diya costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹11 to make and Farhan sells it for ₹22. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 100
  3. 10
  4. 50
  5. 94
  6. 10 rupees
  7. 50
  8. 100
  9. 4
  10. 50
  11. 25
  12. 40
  13. 20
  14. 24
  15. 45
  16. 100
  17. a loss
  18. 10
  19. 42
  20. 66
  21. 20
  22. 20
  23. 30
  24. 20
  25. 10
  26. 4
  27. 25
  28. 25
  29. 100
  30. 60
  31. 12
  32. what buyers will pay
  33. 13
  34. 25
  35. 21
  36. 10
  37. 1
  38. 20
  39. 24
  40. 100

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