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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 755 · 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 bag of popcorn costs ₹31 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One handmade card costs ₹14 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  7. 7.One paper bookmark costs ₹60 to make and Arjun sells it for ₹66. What is the markup in percent?
  8. 8.One fruit cup costs ₹16 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹44 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹15 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹33 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  13. 13.One jute bag costs ₹60 to make and Vihaan sells it for ₹75. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹55 to make and Farhan sells it for ₹110. What is the markup in percent?
  15. 15.One cupcake costs ₹30 to make and Ananya sells it for ₹60. What is the markup in percent?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  17. 17.One potted plant costs ₹15 to make and Rohan sells it for ₹30. What is the markup in percent?
  18. 18.One painted pebble costs ₹48 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  19. 19.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  20. 20.One cup of lemonade costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹60 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹12 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹16 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹60 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹22 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹60 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  29. 29.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  30. 30.One clay diya costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹10 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹35 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹24 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  37. 37.One potted plant costs ₹45 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹55 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹24 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹55 to make and Aarav sells it for ₹66. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 62
  3. 2
  4. 10
  5. 21
  6. 10
  7. 10
  8. 24
  9. 11
  10. 18
  11. 33
  12. 10
  13. 25
  14. 100
  15. 100
  16. 10 rupees
  17. 100
  18. 50
  19. cost + a markup
  20. 4
  21. 12
  22. 3
  23. 66
  24. 16
  25. 15
  26. 11
  27. 10
  28. 75
  29. a loss
  30. 22
  31. 33
  32. 2
  33. 7
  34. 12
  35. 20
  36. 20
  37. 9
  38. 55
  39. 6
  40. 20

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