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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 754 · 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) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  2. 2.One potted plant costs ₹42 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One bag of popcorn costs ₹30 to make and Diya sells it for ₹45. What is the markup in percent?
  4. 4.One cupcake costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One fruit cup costs ₹28 to make and Lakshmi sells it for ₹35. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹14 to make and Ananya sells it for ₹28. What is the markup in percent?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  8. 8.One potted plant costs ₹50 to make and Rohan sells it for ₹55. What is the markup in percent?
  9. 9.One fruit cup costs ₹44 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹28 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹46 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  15. 15.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  16. 16.One painted pebble costs ₹50 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  18. 18.One handmade card costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹23 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  21. 21.One clay diya costs ₹11 to make and Vihaan sells it for ₹22. What is the markup in percent?
  22. 22.One potted plant costs ₹11 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  26. 26.One handmade card costs ₹36 to make and Ishaan sells it for ₹45. What is the markup in percent?
  27. 27.One friendship band costs ₹38 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One paper bookmark costs ₹42 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹28 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹22 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹40 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  33. 33.One paper bookmark costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹10 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹32 to make and Ishaan sells it for ₹64. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹26 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One fruit cup costs ₹52 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 21
  3. 50
  4. 9
  5. 25
  6. 100
  7. 10 rupees
  8. 10
  9. 66
  10. 11
  11. 10
  12. 35
  13. 1
  14. 69
  15. a loss
  16. 10
  17. 10
  18. 6
  19. 23
  20. cost + a markup
  21. 100
  22. 11
  23. 3
  24. 10
  25. 10
  26. 25
  27. 57
  28. 63
  29. 35
  30. 33
  31. 10
  32. 10
  33. 5
  34. 4
  35. 5
  36. 100
  37. 52
  38. 33
  39. 22
  40. 78

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