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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 943 · 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 profit (b) free stock (c) break-even (d) a loss
  2. 2.One fruit cup costs ₹56 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹54 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹16 to make and Kabir sells it for ₹20. What is the markup in percent?
  5. 5.One clay diya costs ₹10 to make and Kabir sells it for ₹15. What is the markup in percent?
  6. 6.One jute bag costs ₹30 to make and Nisha sells it for ₹36. What is the markup in percent?
  7. 7.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  9. 9.One painted pebble costs ₹17 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹48 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹10 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹45 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  15. 15.One fruit cup costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹49 to make and Meera sells it for ₹98. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹48 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹20 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One fruit cup costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  23. 23.One painted pebble costs ₹35 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹10 to make and Joseph sells it for ₹12. What is the markup in percent?
  25. 25.One cupcake costs ₹28 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹24 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  28. 28.One glass of chai costs ₹45 to make and Saanvi sells it for ₹54. What is the markup in percent?
  29. 29.One paper bookmark costs ₹55 to make and Arjun sells it for ₹66. What is the markup in percent?
  30. 30.One friendship band costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹24 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹55 to make and Gurpreet sells it for ₹110. What is the markup in percent?
  35. 35.One fruit cup costs ₹22 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹37 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹32 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹50 to make and Rohan sells it for ₹75. What is the markup in percent?

Answer key

  1. a loss
  2. 14
  3. 108
  4. 25
  5. 50
  6. 20
  7. cost + a markup
  8. 10 rupees
  9. 17
  10. 60
  11. 5
  12. 55
  13. 54
  14. what buyers will pay
  15. 66
  16. 100
  17. 66
  18. 12
  19. 11
  20. 4
  21. 6
  22. 10
  23. 42
  24. 20
  25. 35
  26. 48
  27. 10
  28. 20
  29. 20
  30. 2
  31. 6
  32. 75
  33. 1
  34. 100
  35. 33
  36. 37
  37. 3
  38. 48
  39. 4
  40. 50

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