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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 937 · 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) cost + a markup (c) copy a rival (d) cost − a markup
  2. 2.One glass of chai costs ₹20 to make and Vihaan sells it for ₹24. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  5. 5.One bag of popcorn costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  7. 7.One clay diya costs ₹22 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  9. 9.One handmade card costs ₹12 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  11. 11.One cupcake costs ₹42 to make and Joseph sells it for ₹63. What is the markup in percent?
  12. 12.One clay diya costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹16 to make and Dev sells it for ₹20. What is the markup in percent?
  14. 14.One potted plant costs ₹35 to make and Farhan sells it for ₹42. What is the markup in percent?
  15. 15.One painted pebble costs ₹28 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹16 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹44 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹11 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  22. 22.One handmade card costs ₹20 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹22 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹25 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹44 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹20 to make and Vihaan sells it for ₹24. What is the markup in percent?
  30. 30.One glass of chai costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹30 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹27 to make and Kabir sells it for ₹54. What is the markup in percent?
  33. 33.One fruit cup costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹30 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹38 to make and Nisha sells it for ₹57. What is the markup in percent?
  36. 36.One painted pebble costs ₹44 to make and Kabir sells it for ₹55. What is the markup in percent?
  37. 37.One fruit cup costs ₹52 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹15 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  39. 39.One glass of chai costs ₹32 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹49 to make and Ananya sells it for ₹98. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 20
  3. a loss
  4. 10 rupees
  5. 22
  6. what buyers will pay
  7. 44
  8. 10
  9. 6
  10. 10
  11. 50
  12. 22
  13. 25
  14. 20
  15. 56
  16. 3
  17. 4
  18. 66
  19. 22
  20. 24
  21. 10
  22. 25
  23. 11
  24. 4
  25. 5
  26. 5
  27. 10
  28. 55
  29. 20
  30. 20
  31. 45
  32. 100
  33. 44
  34. 33
  35. 50
  36. 25
  37. 52
  38. 100
  39. 16
  40. 100

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