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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 841 · 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.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  2. 2.One glass of chai costs ₹46 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  5. 5.One jute bag costs ₹55 to make. Kabir 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 loss (c) free stock (d) a profit
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  8. 8.One jute bag costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  9. 9.One clay diya costs ₹36 to make and Farhan sells it for ₹45. What is the markup in percent?
  10. 10.One handmade card costs ₹52 to make and Meera sells it for ₹78. What is the markup in percent?
  11. 11.One handmade card costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  12. 12.One paper bookmark costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹20 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹42 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹32 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹35 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹15 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹52 to make and Diya sells it for ₹78. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹47 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  25. 25.One friendship band costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹12 to make and Saanvi sells it for ₹24. What is the markup in percent?
  27. 27.One friendship band costs ₹10 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹12 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹16 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹33 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹31 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One paper bookmark costs ₹11 to make and Farhan sells it for ₹22. What is the markup in percent?
  35. 35.One clay diya costs ₹48 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹45 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹40 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹24 to make and Vihaan sells it for ₹30. What is the markup in percent?
  39. 39.One fruit cup costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹42 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 46
  3. 10
  4. cost + a markup
  5. 11
  6. a loss
  7. 10 rupees
  8. 10
  9. 25
  10. 50
  11. 10
  12. 1
  13. 4
  14. 63
  15. 1
  16. 40
  17. 42
  18. 6
  19. 7
  20. 3
  21. 72
  22. 50
  23. 47
  24. 10
  25. 2
  26. 100
  27. 12
  28. 3
  29. 22
  30. 2
  31. 4
  32. 66
  33. 62
  34. 100
  35. 60
  36. 9
  37. 48
  38. 25
  39. 20
  40. 42

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