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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 823 · 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) guess any price (c) copy a rival (d) cost + a markup
  2. 2.One handmade card costs ₹16 to make and Zoya sells it for ₹20. What is the markup in percent?
  3. 3.One friendship band costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹12 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One friendship band costs ₹25 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  7. 7.One potted plant costs ₹35 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  9. 9.One potted plant costs ₹18 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹40 to make and Ananya sells it for ₹48. What is the markup in percent?
  11. 11.One friendship band costs ₹44 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹44 to make and Vihaan sells it for ₹66. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  16. 16.One clay diya costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  17. 17.One glass of chai costs ₹42 to make and Ishaan sells it for ₹63. What is the markup in percent?
  18. 18.One potted plant costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  20. 20.One jute bag costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹17 to make and Ishaan sells it for ₹34. What is the markup in percent?
  23. 23.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  24. 24.One painted pebble costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  25. 25.One cupcake costs ₹12 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹15 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹12 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  29. 29.One cupcake costs ₹12 to make and Vihaan sells it for ₹18. What is the markup in percent?
  30. 30.One paper bookmark costs ₹10 to make and Kabir sells it for ₹15. What is the markup in percent?
  31. 31.One painted pebble costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  33. 33.One cupcake costs ₹15 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹16 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹34 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  38. 38.One fruit cup costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  39. 39.One friendship band costs ₹50 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹40 to make and Saanvi sells it for ₹44. What is the markup in percent?

Answer key

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

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