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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 920 · 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 paper bookmark costs ₹40 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹14 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹31 to make and Nisha sells it for ₹62. What is the markup in percent?
  5. 5.One handmade card costs ₹20 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹11 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  11. 11.One glass of chai costs ₹34 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹55 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹24 to make and Ananya sells it for ₹36. What is the markup in percent?
  15. 15.One jute bag costs ₹10 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  17. 17.One friendship band costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹56 to make and Aarav sells it for ₹70. What is the markup in percent?
  19. 19.One glass of chai costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹56 to make and Saanvi sells it for ₹84. What is the markup in percent?
  21. 21.One clay diya costs ₹28 to make and Saanvi sells it for ₹35. What is the markup in percent?
  22. 22.One friendship band costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  23. 23.One glass of chai costs ₹40 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹20 to make and Ishaan sells it for ₹24. What is the markup in percent?
  25. 25.One glass of chai costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹30 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹56 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹39 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹48 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹11 to make and Ananya sells it for ₹22. What is the markup in percent?
  32. 32.One friendship band costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹10 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  37. 37.One handmade card costs ₹56 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹16 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹16 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. 8
  3. 7
  4. 100
  5. 4
  6. 11
  7. 4
  8. 5
  9. what buyers will pay
  10. 10 rupees
  11. 51
  12. 11
  13. 50
  14. 50
  15. 12
  16. cost + a markup
  17. 30
  18. 25
  19. 55
  20. 50
  21. 25
  22. 10
  23. 40
  24. 20
  25. 11
  26. 22
  27. 6
  28. 70
  29. 39
  30. 96
  31. 100
  32. 33
  33. 11
  34. 66
  35. 15
  36. 10
  37. 70
  38. 20
  39. 66
  40. 4

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