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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 927 · 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.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  2. 2.One cup of lemonade costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹15 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One friendship band costs ₹26 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One cup of lemonade costs ₹50 to make and Farhan sells it for ₹60. What is the markup in percent?
  7. 7.One painted pebble costs ₹45 to make and Riya sells it for ₹90. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One cupcake costs ₹50 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  11. 11.One jute bag costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One painted pebble costs ₹20 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  14. 14.One painted pebble costs ₹50 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹10 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹12 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  18. 18.One handmade card costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹14 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹45 to make and Joseph sells it for ₹54. What is the markup in percent?
  21. 21.One potted plant costs ₹59 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One painted pebble costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  24. 24.One painted pebble costs ₹40 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹30 to make and Riya sells it for ₹60. What is the markup in percent?
  26. 26.One potted plant costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹51 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹18 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  30. 30.One handmade card costs ₹32 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹60 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹16 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹10 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹43 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹48 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹15 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹15 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹10 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 72
  3. 15
  4. 2
  5. 13
  6. 20
  7. 100
  8. 10
  9. 55
  10. 20
  11. 18
  12. 5
  13. what buyers will pay
  14. 75
  15. 12
  16. 3
  17. 10 rupees
  18. 1
  19. 21
  20. 20
  21. 118
  22. 3
  23. 20
  24. 60
  25. 100
  26. 22
  27. 102
  28. 9
  29. a loss
  30. 48
  31. 15
  32. 32
  33. 2
  34. 43
  35. 12
  36. 18
  37. 20
  38. 3
  39. 15
  40. 10

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