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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 731 · 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) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  2. 2.One potted plant costs ₹24 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  5. 5.One friendship band costs ₹40 to make and Saanvi sells it for ₹48. What is the markup in percent?
  6. 6.One handmade card costs ₹40 to make and Vihaan sells it for ₹48. What is the markup in percent?
  7. 7.One cupcake costs ₹14 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹34 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹50 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹10 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹60 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  15. 15.One clay diya costs ₹15 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹38 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One paper bookmark costs ₹35 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹18 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹50 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹10 to make and Gurpreet sells it for ₹12. What is the markup in percent?
  22. 22.One friendship band costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹40 to make and Nisha sells it for ₹60. What is the markup in percent?
  24. 24.One fruit cup costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  25. 25.One handmade card costs ₹43 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹15 to make and Kabir sells it for ₹30. What is the markup in percent?
  28. 28.One friendship band costs ₹21 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹28 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹60 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹22 to make and Vihaan sells it for ₹33. What is the markup in percent?
  33. 33.One glass of chai costs ₹20 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹56 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One clay diya costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹60 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹34 to make and Zoya sells it for ₹51. What is the markup in percent?
  38. 38.One jute bag costs ₹60 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹46 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 30
  3. a loss
  4. 10 rupees
  5. 20
  6. 20
  7. 7
  8. 34
  9. 5
  10. 10
  11. 20
  12. 66
  13. 12
  14. what buyers will pay
  15. 18
  16. 76
  17. 42
  18. 27
  19. 33
  20. 10
  21. 20
  22. 22
  23. 50
  24. 10
  25. 43
  26. 3
  27. 100
  28. 42
  29. 22
  30. 7
  31. 72
  32. 50
  33. 5
  34. 28
  35. 5
  36. 12
  37. 50
  38. 72
  39. 54
  40. 46

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