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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 911 · 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 jute bag costs ₹52 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  3. 3.One glass of chai costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹50 to make and Ishaan sells it for ₹100. What is the markup in percent?
  5. 5.One glass of chai costs ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  7. 7.One paper bookmark costs ₹55 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  10. 10.One clay diya costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹25 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹47 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One painted pebble costs ₹50 to make and Arjun sells it for ₹55. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹32 to make and Meera sells it for ₹48. What is the markup in percent?
  16. 16.One friendship band costs ₹56 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹30 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹30 to make and Farhan sells it for ₹60. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹40 to make and Meera sells it for ₹80. What is the markup in percent?
  24. 24.One potted plant costs ₹42 to make and Saanvi sells it for ₹63. What is the markup in percent?
  25. 25.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  26. 26.One painted pebble costs ₹60 to make and Zoya sells it for ₹72. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹56 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?
  29. 29.One handmade card costs ₹24 to make and Riya sells it for ₹30. What is the markup in percent?
  30. 30.One cupcake costs ₹12 to make and Meera sells it for ₹18. What is the markup in percent?
  31. 31.One painted pebble costs ₹56 to make and Arjun sells it for ₹70. What is the markup in percent?
  32. 32.One handmade card costs ₹10 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹36 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹16 to make and Arjun sells it for ₹32. What is the markup in percent?
  37. 37.One potted plant costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹40 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 13
  2. what buyers will pay
  3. 11
  4. 100
  5. 48
  6. 20
  7. 11
  8. a loss
  9. 10 rupees
  10. 22
  11. 30
  12. 94
  13. 10
  14. 5
  15. 50
  16. 84
  17. 10
  18. 45
  19. 44
  20. 22
  21. 100
  22. 20
  23. 100
  24. 50
  25. cost + a markup
  26. 20
  27. 84
  28. 20
  29. 25
  30. 50
  31. 25
  32. 12
  33. 45
  34. 22
  35. 22
  36. 100
  37. 24
  38. 4
  39. 40
  40. 22

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