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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 904 · 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) what buyers will pay (c) your favourite number (d) the weather only
  2. 2.One cup of lemonade costs ₹11 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹34 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹57 to make and Dev sells it for ₹114. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹16 to make and Joseph sells it for ₹32. What is the markup in percent?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  8. 8.One fruit cup costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  9. 9.One potted plant costs ₹44 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹16 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One bag of popcorn costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹50 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹35 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹55 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹60 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cupcake costs ₹16 to make and Ananya sells it for ₹32. What is the markup in percent?
  19. 19.One painted pebble costs ₹46 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹40 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹18 to make and Rohan sells it for ₹27. What is the markup in percent?
  22. 22.One clay diya costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  23. 23.One glass of chai costs ₹22 to make and Dev sells it for ₹44. What is the markup in percent?
  24. 24.One jute bag costs ₹36 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  26. 26.One fruit cup costs ₹26 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  29. 29.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  30. 30.One cup of lemonade costs ₹40 to make and Ananya sells it for ₹48. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹13 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  33. 33.One jute bag costs ₹49 to make and Joseph sells it for ₹98. What is the markup in percent?
  34. 34.One clay diya costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹50 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹54 to make and Aarav sells it for ₹81. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹24 to make and Vihaan sells it for ₹30. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹15 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹10 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 22
  3. 17
  4. 60
  5. 100
  6. 100
  7. 10 rupees
  8. 10
  9. 66
  10. 32
  11. 12
  12. 60
  13. 35
  14. 11
  15. 11
  16. 90
  17. 4
  18. 100
  19. 69
  20. 50
  21. 50
  22. 10
  23. 100
  24. 9
  25. a loss
  26. 39
  27. 1
  28. 20
  29. cost + a markup
  30. 20
  31. 26
  32. 25
  33. 100
  34. 44
  35. 75
  36. 50
  37. 2
  38. 25
  39. 18
  40. 12

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