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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 716 · 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) cost − a markup (d) copy a rival
  2. 2.One jute bag costs ₹10 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  4. 4.One glass of chai costs ₹40 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One cupcake costs ₹40 to make and Ishaan sells it for ₹50. What is the markup in percent?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  7. 7.One friendship band costs ₹55 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹15 to make and Ishaan sells it for ₹18. What is the markup in percent?
  9. 9.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  10. 10.One cupcake costs ₹12 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹45 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹37 to make and Zoya sells it for ₹74. What is the markup in percent?
  14. 14.One jute bag costs ₹32 to make and Riya sells it for ₹40. What is the markup in percent?
  15. 15.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  16. 16.One potted plant costs ₹18 to make and Lakshmi sells it for ₹27. What is the markup in percent?
  17. 17.One potted plant costs ₹48 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  19. 19.One potted plant costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹55 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹48 to make and Kavya sells it for ₹72. What is the markup in percent?
  22. 22.One glass of chai costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  23. 23.One glass of chai costs ₹32 to make and Ananya sells it for ₹40. What is the markup in percent?
  24. 24.One friendship band costs ₹40 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹55 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹50 to make and Kabir sells it for ₹60. What is the markup in percent?
  27. 27.One jute bag costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One friendship band costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹46 to make and Aarav sells it for ₹69. What is the markup in percent?
  30. 30.One clay diya costs ₹22 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹32 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹33 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  34. 34.One friendship band costs ₹45 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹48 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹39 to make and Aarav sells it for ₹78. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  38. 38.One glass of chai costs ₹50 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹14 to make and Dev sells it for ₹21. What is the markup in percent?
  40. 40.One friendship band costs ₹10 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 10
  3. 20
  4. 20
  5. 25
  6. 10 rupees
  7. 66
  8. 20
  9. a loss
  10. 15
  11. 54
  12. 2
  13. 100
  14. 25
  15. what buyers will pay
  16. 50
  17. 60
  18. 10
  19. 4
  20. 11
  21. 50
  22. 10
  23. 25
  24. 10
  25. 55
  26. 20
  27. 1
  28. 4
  29. 50
  30. 33
  31. 64
  32. 33
  33. 10
  34. 45
  35. 24
  36. 100
  37. 10
  38. 25
  39. 50
  40. 12

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