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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 770 · 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) copy a rival (d) cost − a markup
  2. 2.One cupcake costs ₹55 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  4. 4.One handmade card costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  5. 5.One fruit cup costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹50 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹14 to make and Farhan sells it for ₹21. What is the markup in percent?
  8. 8.One glass of chai costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹50 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹50 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs ₹12 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹47 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹20 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  18. 18.One clay diya costs ₹12 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹60 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹20 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make and Riya sells it for ₹66. What is the markup in percent?
  22. 22.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  23. 23.One clay diya costs ₹12 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹36 to make and Zoya sells it for ₹54. What is the markup in percent?
  25. 25.One glass of chai costs ₹50 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹28 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹10 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹50 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹11 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹30 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  35. 35.One potted plant costs ₹10 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  36. 36.One glass of chai costs ₹56 to make and Ishaan sells it for ₹112. What is the markup in percent?
  37. 37.One fruit cup costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹40 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹19 to make and Farhan sells it for ₹38. What is the markup in percent?
  40. 40.One handmade card costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 11
  3. what buyers will pay
  4. 10
  5. 11
  6. 60
  7. 50
  8. 11
  9. 55
  10. 44
  11. 60
  12. 1
  13. 25
  14. 15
  15. 94
  16. 5
  17. 10 rupees
  18. 6
  19. 120
  20. 30
  21. 10
  22. a loss
  23. 12
  24. 50
  25. 10
  26. 42
  27. 2
  28. 100
  29. 50
  30. 11
  31. 6
  32. 1
  33. 36
  34. 10
  35. 50
  36. 100
  37. 6
  38. 50
  39. 100
  40. 45

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