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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 86 · 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) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  2. 2.One cupcake costs ₹10 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  4. 4.One cup of lemonade costs ₹11 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  6. 6.One paper bookmark costs ₹36 to make and Ishaan sells it for ₹72. What is the markup in percent?
  7. 7.One cupcake costs ₹28 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹20 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹60 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cupcake costs ₹45 to make and Kavya sells it for ₹54. What is the markup in percent?
  12. 12.One glass of chai costs ₹24 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One bag of popcorn costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  14. 14.One jute bag costs ₹11 to make and Kavya sells it for ₹22. What is the markup in percent?
  15. 15.One paper bookmark costs ₹24 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹44 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹28 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹30 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  22. 22.One cup of lemonade costs ₹52 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹58 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹35 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹30 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹56 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹56 to make and Aarav sells it for ₹112. What is the markup in percent?
  29. 29.One potted plant costs ₹48 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹28 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹60 to make and Vihaan sells it for ₹72. What is the markup in percent?
  33. 33.One glass of chai costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  34. 34.One bag of popcorn costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹29 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹20 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹23 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹44 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 2
  3. a loss
  4. 11
  5. cost + a markup
  6. 100
  7. 35
  8. 25
  9. 24
  10. 72
  11. 20
  12. 6
  13. 10
  14. 100
  15. 6
  16. 55
  17. 42
  18. 44
  19. 6
  20. 10
  21. 10 rupees
  22. 13
  23. 29
  24. 30
  25. 42
  26. 45
  27. 14
  28. 100
  29. 12
  30. 7
  31. 4
  32. 20
  33. 20
  34. 3
  35. 11
  36. 33
  37. 58
  38. 25
  39. 46
  40. 66

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