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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 723 · 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 cup of lemonade costs ₹55 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  4. 4.One cup of lemonade costs ₹24 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹14 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹26 to make and Vihaan sells it for ₹39. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹41 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One glass of chai costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹45 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹26 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹38 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  13. 13.One potted plant costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  15. 15.One paper bookmark costs ₹40 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹34 to make and Kabir sells it for ₹51. What is the markup in percent?
  17. 17.One cupcake costs ₹20 to make and Diya sells it for ₹25. What is the markup in percent?
  18. 18.One paper bookmark costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹48 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹30 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One cupcake costs ₹10 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  23. 23.One handmade card costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  24. 24.One glass of chai costs ₹34 to make and Riya sells it for ₹51. What is the markup in percent?
  25. 25.One painted pebble costs ₹44 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹46 to make and Kabir sells it for ₹69. What is the markup in percent?
  27. 27.One jute bag costs ₹29 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹25 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  30. 30.One fruit cup costs ₹12 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹40 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹44 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹54 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹19 to make and Kavya sells it for ₹38. What is the markup in percent?
  38. 38.One jute bag costs ₹11 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  40. 40.One painted pebble costs ₹26 to make and Kavya sells it for ₹39. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 11
  3. cost + a markup
  4. 30
  5. 28
  6. 50
  7. 41
  8. 5
  9. 9
  10. 39
  11. 57
  12. a loss
  13. 44
  14. 10 rupees
  15. 8
  16. 50
  17. 25
  18. 5
  19. 24
  20. 6
  21. 20
  22. 10
  23. 20
  24. 50
  25. 22
  26. 50
  27. 29
  28. 5
  29. 10
  30. 24
  31. 54
  32. 12
  33. 10
  34. 4
  35. 66
  36. 27
  37. 100
  38. 22
  39. 10
  40. 50

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