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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 706 · 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) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  2. 2.One cup of lemonade costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹31 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹30 to make and Joseph sells it for ₹36. What is the markup in percent?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  6. 6.One painted pebble costs ₹24 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  8. 8.One painted pebble costs ₹38 to make and Meera sells it for ₹76. What is the markup in percent?
  9. 9.One clay diya costs ₹50 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  11. 11.One friendship band costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹56 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹35 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹35 to make and Aarav sells it for ₹42. What is the markup in percent?
  15. 15.One glass of chai costs ₹45 to make and Farhan sells it for ₹54. What is the markup in percent?
  16. 16.One glass of chai costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹42 to make and Kabir sells it for ₹63. What is the markup in percent?
  20. 20.One potted plant costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  21. 21.One fruit cup costs ₹30 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹35 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹24 to make and Ananya sells it for ₹30. What is the markup in percent?
  24. 24.One glass of chai costs ₹36 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹40 to make and Meera sells it for ₹48. What is the markup in percent?
  26. 26.One paper bookmark costs ₹10 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹40 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹24 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹36 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹13 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹20 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹16 to make and Saanvi sells it for ₹20. What is the markup in percent?
  34. 34.One painted pebble costs ₹58 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹30 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹48 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  40. 40.One handmade card costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 33
  3. 31
  4. 20
  5. 10 rupees
  6. 12
  7. what buyers will pay
  8. 100
  9. 75
  10. 10
  11. 33
  12. 14
  13. 20
  14. 20
  15. 20
  16. 33
  17. 15
  18. 11
  19. 50
  20. 20
  21. 6
  22. 7
  23. 25
  24. 45
  25. 20
  26. 12
  27. 50
  28. 1
  29. 48
  30. 45
  31. 26
  32. 4
  33. 25
  34. 87
  35. 1
  36. 66
  37. 36
  38. 12
  39. 10
  40. 6

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