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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 951 · 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) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  2. 2.One cupcake costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹10 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  7. 7.One potted plant costs ₹32 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  9. 9.One paper bookmark costs ₹49 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹21 to make and Diya sells it for ₹42. What is the markup in percent?
  11. 11.One painted pebble costs ₹40 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹10 to make and Vihaan sells it for ₹12. What is the markup in percent?
  13. 13.One clay diya costs ₹49 to make and Kavya sells it for ₹98. What is the markup in percent?
  14. 14.One potted plant costs ₹12 to make and Diya sells it for ₹18. What is the markup in percent?
  15. 15.One fruit cup costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  17. 17.One jute bag costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One painted pebble costs ₹32 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹28 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹12 to make and Arjun sells it for ₹18. What is the markup in percent?
  21. 21.One jute bag costs ₹12 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹35 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  24. 24.One fruit cup costs ₹16 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹54 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹52 to make and Rohan sells it for ₹104. What is the markup in percent?
  27. 27.One friendship band costs ₹26 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One friendship band costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  29. 29.One painted pebble costs ₹54 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹29 to make and Farhan sells it for ₹58. What is the markup in percent?
  33. 33.One paper bookmark costs ₹40 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹34 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹15 to make and Vihaan sells it for ₹18. What is the markup in percent?
  36. 36.One friendship band costs ₹34 to make and Lakshmi sells it for ₹51. What is the markup in percent?
  37. 37.One glass of chai costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  38. 38.One handmade card costs ₹56 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹40 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹28 to make and Lakshmi sells it for ₹42. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 40
  3. 1
  4. 22
  5. 15
  6. 10 rupees
  7. 40
  8. what buyers will pay
  9. 49
  10. 100
  11. 8
  12. 20
  13. 100
  14. 50
  15. 66
  16. 10
  17. 11
  18. 8
  19. 7
  20. 50
  21. 3
  22. 7
  23. a loss
  24. 24
  25. 54
  26. 100
  27. 26
  28. 25
  29. 81
  30. 55
  31. 11
  32. 100
  33. 4
  34. 51
  35. 20
  36. 50
  37. 10
  38. 84
  39. 50
  40. 50

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