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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 815 · 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.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  3. 3.One painted pebble costs ₹55 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One cupcake costs ₹45 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹23 to make and Tara sells it for ₹46. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  8. 8.One glass of chai costs ₹50 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹55 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹35 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹46 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹34 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹20 to make and Saanvi sells it for ₹24. What is the markup in percent?
  16. 16.One clay diya costs ₹21 to make and Kavya sells it for ₹42. What is the markup in percent?
  17. 17.One cupcake costs ₹16 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹30 to make and Tara sells it for ₹36. What is the markup in percent?
  21. 21.One friendship band costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹10 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹54 to make and Diya sells it for ₹81. What is the markup in percent?
  26. 26.One potted plant costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹48 to make and Aarav sells it for ₹60. What is the markup in percent?
  28. 28.One paper bookmark costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹34 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹13 to make and Meera sells it for ₹26. What is the markup in percent?
  33. 33.One painted pebble costs ₹36 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹20 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  39. 39.One potted plant costs ₹44 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹55 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. what buyers will pay
  3. 66
  4. 54
  5. 100
  6. 6
  7. a loss
  8. 60
  9. 11
  10. 66
  11. 4
  12. 70
  13. 92
  14. 17
  15. 20
  16. 100
  17. 8
  18. 55
  19. 11
  20. 20
  21. 44
  22. 35
  23. 12
  24. 11
  25. 50
  26. 6
  27. 25
  28. 11
  29. 44
  30. 44
  31. 51
  32. 100
  33. 9
  34. 2
  35. 2
  36. 10
  37. 10
  38. 10
  39. 44
  40. 66

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