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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 802 · 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) what buyers will pay (d) your favourite number
  2. 2.One bag of popcorn costs ₹22 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹16 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹56 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹25 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹10 to make and Kavya sells it for ₹12. What is the markup in percent?
  10. 10.One jute bag costs ₹16 to make and Kabir sells it for ₹24. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  12. 12.One glass of chai costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹22 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹36 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹32 to make and Farhan sells it for ₹40. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹56 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹60 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹20 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  22. 22.One handmade card costs ₹24 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹24 to make and Saanvi sells it for ₹30. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹40 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹46 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹20 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One jute bag costs ₹12 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹52 to make and Ananya sells it for ₹65. What is the markup in percent?
  30. 30.One painted pebble costs ₹12 to make and Farhan sells it for ₹18. What is the markup in percent?
  31. 31.One potted plant costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹41 to make and Zoya sells it for ₹82. What is the markup in percent?
  33. 33.One handmade card costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹56 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹45 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹36 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹12 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹24 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  40. 40.One painted pebble costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 33
  3. 20
  4. 6
  5. 55
  6. 56
  7. 2
  8. 30
  9. 20
  10. 50
  11. cost + a markup
  12. 5
  13. 22
  14. 54
  15. 25
  16. 22
  17. 28
  18. 72
  19. 22
  20. 42
  21. 10 rupees
  22. 6
  23. 25
  24. 10
  25. 69
  26. 22
  27. 4
  28. 15
  29. 25
  30. 50
  31. 35
  32. 100
  33. 24
  34. 14
  35. 48
  36. 9
  37. 45
  38. 24
  39. 100
  40. 20

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