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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 840 · 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 friendship band costs ₹44 to make and Arjun sells it for ₹66. What is the markup in percent?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  3. 3.One handmade card costs ₹45 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹42 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  6. 6.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  7. 7.One paper bookmark costs ₹12 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹36 to make and Farhan sells it for ₹45. What is the markup in percent?
  9. 9.One jute bag costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹48 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹14 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹49 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹15 to make and Nisha sells it for ₹30. What is the markup in percent?
  15. 15.One jute bag costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹58 to make and Ananya sells it for ₹87. What is the markup in percent?
  17. 17.One potted plant costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹44 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹28 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One friendship band costs ₹25 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹59 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹59 to make and Lakshmi sells it for ₹118. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹14 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹17 to make and Kavya sells it for ₹34. What is the markup in percent?
  31. 31.One painted pebble costs ₹42 to make and Aarav sells it for ₹84. What is the markup in percent?
  32. 32.One painted pebble costs ₹28 to make and Vihaan sells it for ₹35. What is the markup in percent?
  33. 33.One painted pebble costs ₹60 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹36 to make and Tara sells it for ₹54. What is the markup in percent?
  35. 35.One jute bag costs ₹23 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  37. 37.One painted pebble costs ₹60 to make and Dev sells it for ₹72. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹54 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹36 to make and Dev sells it for ₹45. What is the markup in percent?

Answer key

  1. 50
  2. a loss
  3. 45
  4. 63
  5. what buyers will pay
  6. cost + a markup
  7. 18
  8. 25
  9. 44
  10. 12
  11. 55
  12. 28
  13. 98
  14. 100
  15. 44
  16. 50
  17. 6
  18. 11
  19. 14
  20. 1
  21. 55
  22. 5
  23. 24
  24. 10
  25. 118
  26. 100
  27. 44
  28. 33
  29. 21
  30. 100
  31. 100
  32. 25
  33. 75
  34. 50
  35. 23
  36. 10
  37. 20
  38. 54
  39. 44
  40. 25

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