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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 663 · 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) a profit (b) a loss (c) break-even (d) free stock
  2. 2.One paper bookmark costs ₹52 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹28 to make and Farhan sells it for ₹56. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹45 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One painted pebble costs ₹18 to make and Farhan sells it for ₹27. What is the markup in percent?
  6. 6.One glass of chai costs ₹19 to make and Ishaan sells it for ₹38. What is the markup in percent?
  7. 7.One jute bag costs ₹12 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  9. 9.One painted pebble costs ₹56 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹56 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  13. 13.One fruit cup costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹24 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  18. 18.One potted plant costs ₹50 to make and Nisha sells it for ₹75. What is the markup in percent?
  19. 19.One clay diya costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹38 to make and Ananya sells it for ₹76. What is the markup in percent?
  22. 22.One jute bag costs ₹30 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹35 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹19 to make and Ananya sells it for ₹38. What is the markup in percent?
  25. 25.One jute bag costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹10 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹60 to make and Zoya sells it for ₹90. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹10 to make and Riya sells it for ₹15. What is the markup in percent?
  29. 29.One potted plant costs ₹46 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹26 to make and Dev sells it for ₹39. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  32. 32.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  33. 33.One fruit cup costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹20 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹15 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹50 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹44 to make and Kabir sells it for ₹66. What is the markup in percent?
  39. 39.One fruit cup costs ₹48 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹39 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 65
  3. 100
  4. 54
  5. 50
  6. 100
  7. 12
  8. cost + a markup
  9. 70
  10. 70
  11. 48
  12. 20
  13. 22
  14. 6
  15. 55
  16. 11
  17. what buyers will pay
  18. 50
  19. 2
  20. 55
  21. 100
  22. 60
  23. 7
  24. 100
  25. 44
  26. 15
  27. 50
  28. 50
  29. 69
  30. 50
  31. 45
  32. 10 rupees
  33. 35
  34. 25
  35. 18
  36. 75
  37. 24
  38. 50
  39. 12
  40. 78

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