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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 803 · 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.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  2. 2.One cup of lemonade costs ₹35 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹25 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One painted pebble costs ₹52 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One cupcake costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  8. 8.One cupcake costs ₹40 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹22 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One jute bag costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹30 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹25 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹60 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹30 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One bag of popcorn costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  17. 17.One clay diya costs ₹30 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  19. 19.One glass of chai costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  21. 21.One clay diya costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹23 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹44 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  27. 27.One glass of chai costs ₹40 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹10 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹56 to make and Aarav sells it for ₹70. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹22 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  33. 33.One friendship band costs ₹52 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹56 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹12 to make and Kavya sells it for ₹18. What is the markup in percent?
  36. 36.One paper bookmark costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹20 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹56 to make and Tara sells it for ₹84. What is the markup in percent?
  39. 39.One handmade card costs ₹36 to make and Dev sells it for ₹45. What is the markup in percent?
  40. 40.One paper bookmark costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 42
  3. 18
  4. 50
  5. 52
  6. 20
  7. 10 rupees
  8. 48
  9. 33
  10. 12
  11. 15
  12. 30
  13. 15
  14. 15
  15. 44
  16. 10
  17. 45
  18. what buyers will pay
  19. 55
  20. cost + a markup
  21. 2
  22. 46
  23. 14
  24. 55
  25. 11
  26. 20
  27. 8
  28. 12
  29. 25
  30. 22
  31. 11
  32. 20
  33. 65
  34. 14
  35. 50
  36. 55
  37. 4
  38. 50
  39. 25
  40. 3

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