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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 71 · 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) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  2. 2.One paper bookmark costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹36 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹15 to make and Farhan sells it for ₹30. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹20 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹48 to make and Ishaan sells it for ₹60. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  9. 9.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  10. 10.One cupcake costs ₹40 to make and Kabir sells it for ₹60. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹16 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹12 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One clay diya costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One cupcake costs ₹28 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹26 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹43 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹24 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹58 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹34 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹22 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹44 to make and Arjun sells it for ₹55. What is the markup in percent?
  26. 26.One clay diya costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  28. 28.One paper bookmark costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹60 to make and Arjun sells it for ₹90. What is the markup in percent?
  30. 30.One cupcake costs ₹12 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹55 to make and Aarav sells it for ₹66. What is the markup in percent?
  32. 32.One friendship band costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹33 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹30 to make and Ananya sells it for ₹45. What is the markup in percent?
  35. 35.One handmade card costs ₹28 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹60 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  38. 38.One potted plant costs ₹60 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹21 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹40 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 30
  3. 18
  4. 44
  5. 100
  6. 10
  7. 25
  8. a loss
  9. cost + a markup
  10. 50
  11. 8
  12. 18
  13. 44
  14. 35
  15. 13
  16. 86
  17. 3
  18. 30
  19. 29
  20. 17
  21. 10
  22. 30
  23. 5
  24. 22
  25. 25
  26. 55
  27. 10 rupees
  28. 33
  29. 50
  30. 12
  31. 20
  32. 3
  33. 66
  34. 50
  35. 7
  36. 15
  37. 10
  38. 60
  39. 42
  40. 4

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