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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 919 · 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) a loss (b) break-even (c) free stock (d) a profit
  2. 2.One fruit cup costs ₹54 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹58 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹54 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹15 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹29 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹30 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹30 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹32 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹34 to make and Joseph sells it for ₹51. What is the markup in percent?
  12. 12.One fruit cup costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  13. 13.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  14. 14.One cup of lemonade costs ₹28 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹32 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  18. 18.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  19. 19.One fruit cup costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  20. 20.One paper bookmark costs ₹17 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹45 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹20 to make and Rohan sells it for ₹40. What is the markup in percent?
  23. 23.One cupcake costs ₹10 to make and Joseph sells it for ₹12. What is the markup in percent?
  24. 24.One jute bag costs ₹30 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹52 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹45 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹55 to make and Kavya sells it for ₹66. What is the markup in percent?
  28. 28.One glass of chai costs ₹52 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹32 to make and Ishaan sells it for ₹48. What is the markup in percent?
  30. 30.One clay diya costs ₹31 to make and Rohan sells it for ₹62. What is the markup in percent?
  31. 31.One potted plant costs ₹56 to make and Riya sells it for ₹70. What is the markup in percent?
  32. 32.One paper bookmark costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹12 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  36. 36.One handmade card costs ₹60 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  37. 37.One handmade card costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹44 to make and Saanvi sells it for ₹66. What is the markup in percent?
  39. 39.One glass of chai costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  40. 40.One clay diya costs ₹28 to make and Tara sells it for ₹35. What is the markup in percent?

Answer key

  1. a loss
  2. 27
  3. 58
  4. 81
  5. 18
  6. 11
  7. 29
  8. 3
  9. 45
  10. 16
  11. 50
  12. 20
  13. what buyers will pay
  14. 35
  15. 16
  16. 20
  17. 20
  18. cost + a markup
  19. 10
  20. 17
  21. 9
  22. 100
  23. 20
  24. 45
  25. 13
  26. 54
  27. 20
  28. 65
  29. 50
  30. 100
  31. 25
  32. 25
  33. 18
  34. 33
  35. 10 rupees
  36. 20
  37. 66
  38. 50
  39. 10
  40. 25

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