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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 799 · 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) cost − a markup (c) copy a rival (d) guess any price
  2. 2.One cup of lemonade costs ₹25 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One fruit cup costs ₹60 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  5. 5.One bag of popcorn costs ₹20 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹40 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  8. 8.One clay diya costs ₹50 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹10 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹56 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹30 to make and Riya sells it for ₹36. What is the markup in percent?
  14. 14.One cupcake costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  16. 16.One cup of lemonade costs ₹60 to make and Tara sells it for ₹72. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹16 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹16 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹12 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹32 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹45 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹24 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹23 to make and Dev sells it for ₹46. What is the markup in percent?
  26. 26.One handmade card costs ₹40 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹35 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹13 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹30 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹35 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  33. 33.One paper bookmark costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  34. 34.One friendship band costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹28 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹60 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹35 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹25 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  40. 40.One clay diya costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 30
  3. 10
  4. 10 rupees
  5. 40
  6. 60
  7. 20
  8. 75
  9. 15
  10. 56
  11. 10
  12. 25
  13. 20
  14. 5
  15. a loss
  16. 20
  17. 20
  18. 32
  19. 18
  20. 7
  21. 8
  22. 9
  23. 100
  24. 55
  25. 100
  26. 10
  27. 70
  28. 13
  29. 6
  30. 7
  31. 9
  32. what buyers will pay
  33. 10
  34. 5
  35. 14
  36. 15
  37. 35
  38. 5
  39. 10
  40. 10

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