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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 928 · 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) free stock (c) a profit (d) break-even
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  4. 4.One potted plant costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹24 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One clay diya costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹56 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹55 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹29 to make and Dev sells it for ₹58. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹55 to make and Arjun sells it for ₹66. What is the markup in percent?
  11. 11.One clay diya costs ₹52 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹40 to make and Aarav sells it for ₹50. What is the markup in percent?
  13. 13.One fruit cup costs ₹14 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹12 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹60 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹27 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹18 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  22. 22.One painted pebble costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹16 to make and Farhan sells it for ₹32. What is the markup in percent?
  24. 24.One jute bag costs ₹16 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹40 to make and Lakshmi sells it for ₹48. What is the markup in percent?
  27. 27.One handmade card costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹37 to make and Arjun sells it for ₹74. What is the markup in percent?
  29. 29.One painted pebble costs ₹40 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹14 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹60 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹14 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹14 to make and Farhan sells it for ₹21. What is the markup in percent?
  37. 37.One glass of chai costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?

Answer key

  1. a loss
  2. what buyers will pay
  3. 10 rupees
  4. 44
  5. 30
  6. 11
  7. 14
  8. 11
  9. 100
  10. 20
  11. 65
  12. 25
  13. 21
  14. 15
  15. 120
  16. 54
  17. 4
  18. 11
  19. 60
  20. 18
  21. cost + a markup
  22. 1
  23. 100
  24. 32
  25. 2
  26. 20
  27. 55
  28. 100
  29. 44
  30. 22
  31. 14
  32. 120
  33. 11
  34. 55
  35. 21
  36. 50
  37. 10
  38. 6
  39. 33
  40. 20

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