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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 831 · 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.One clay diya costs ₹36 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  3. 3.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  4. 4.One jute bag costs ₹50 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One friendship band costs ₹45 to make and Dev sells it for ₹54. What is the markup in percent?
  6. 6.One glass of chai costs ₹45 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹28 to make and Aarav sells it for ₹35. What is the markup in percent?
  8. 8.One friendship band costs ₹40 to make and Kabir sells it for ₹50. What is the markup in percent?
  9. 9.One paper bookmark costs ₹36 to make and Tara sells it for ₹54. What is the markup in percent?
  10. 10.One fruit cup costs ₹30 to make and Joseph sells it for ₹36. What is the markup in percent?
  11. 11.One glass of chai costs ₹37 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹47 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One potted plant costs ₹54 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹35 to make and Zoya sells it for ₹42. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹50 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  19. 19.One potted plant costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  22. 22.One paper bookmark costs ₹20 to make and Zoya sells it for ₹25. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹30 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹38 to make and Dev sells it for ₹76. What is the markup in percent?
  25. 25.One painted pebble costs ₹35 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹60 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹40 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹38 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹45 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹54 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹10 to make and Vihaan sells it for ₹12. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹30 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹60 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  37. 37.One paper bookmark costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  38. 38.One jute bag costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹25 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 9
  2. what buyers will pay
  3. a loss
  4. 25
  5. 20
  6. 45
  7. 25
  8. 25
  9. 50
  10. 20
  11. 74
  12. 47
  13. 108
  14. 20
  15. 10
  16. 2
  17. 24
  18. 10
  19. 10
  20. 11
  21. cost + a markup
  22. 25
  23. 6
  24. 100
  25. 42
  26. 10
  27. 90
  28. 44
  29. 57
  30. 45
  31. 81
  32. 20
  33. 36
  34. 75
  35. 2
  36. 10
  37. 10
  38. 48
  39. 11
  40. 5

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