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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 873 · 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.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  2. 2.One clay diya costs ₹40 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  5. 5.One paper bookmark costs ₹30 to make and Arjun sells it for ₹36. What is the markup in percent?
  6. 6.One painted pebble costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  8. 8.One bag of popcorn costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹46 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹44 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹44 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One potted plant costs ₹28 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  15. 15.One cup of lemonade costs ₹48 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹28 to make and Dev sells it for ₹35. What is the markup in percent?
  17. 17.One potted plant costs ₹20 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹58 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹10 to make and Riya sells it for ₹15. What is the markup in percent?
  21. 21.One potted plant costs ₹34 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹14 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹56 to make and Saanvi sells it for ₹70. What is the markup in percent?
  24. 24.One jute bag costs ₹55 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹55 to make and Tara sells it for ₹66. What is the markup in percent?
  26. 26.One clay diya costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹15 to make and Vihaan sells it for ₹18. What is the markup in percent?
  28. 28.One handmade card costs ₹32 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹20 to make and Ananya sells it for ₹25. What is the markup in percent?
  30. 30.One painted pebble costs ₹32 to make and Arjun sells it for ₹40. What is the markup in percent?
  31. 31.One friendship band costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹30 to make and Diya sells it for ₹45. What is the markup in percent?
  33. 33.One painted pebble costs ₹48 to make and Arjun sells it for ₹60. What is the markup in percent?
  34. 34.One jute bag costs ₹48 to make and Dev sells it for ₹60. What is the markup in percent?
  35. 35.One potted plant costs ₹40 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  37. 37.One glass of chai costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹28 to make and Ishaan sells it for ₹35. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹40 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 8
  3. 5
  4. cost + a markup
  5. 20
  6. 44
  7. 10 rupees
  8. 15
  9. 92
  10. 44
  11. 55
  12. 22
  13. 35
  14. what buyers will pay
  15. 72
  16. 25
  17. 30
  18. 29
  19. 7
  20. 50
  21. 17
  22. 7
  23. 25
  24. 66
  25. 20
  26. 33
  27. 20
  28. 48
  29. 25
  30. 25
  31. 75
  32. 50
  33. 25
  34. 25
  35. 48
  36. 20
  37. 35
  38. 2
  39. 25
  40. 8

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