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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 960 · 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) break-even (b) a loss (c) free stock (d) a profit
  2. 2.One cupcake costs ₹16 to make and Dev sells it for ₹20. What is the markup in percent?
  3. 3.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  4. 4.One paper bookmark costs ₹12 to make and Joseph sells it for ₹15. What is the markup in percent?
  5. 5.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  6. 6.One clay diya costs ₹40 to make and Dev sells it for ₹60. What is the markup in percent?
  7. 7.One fruit cup costs ₹22 to make and Meera sells it for ₹44. What is the markup in percent?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  9. 9.One cup of lemonade costs ₹36 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  11. 11.One glass of chai costs ₹60 to make and Vihaan sells it for ₹72. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹45 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹10 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  17. 17.One jute bag costs ₹36 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹10 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹20 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹36 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹20 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹22 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹60 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One friendship band costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  30. 30.One clay diya costs ₹25 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  32. 32.One friendship band costs ₹54 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹48 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One cupcake costs ₹38 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  37. 37.One glass of chai costs ₹26 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹51 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹40 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. a loss
  2. 25
  3. cost + a markup
  4. 25
  5. what buyers will pay
  6. 50
  7. 100
  8. 10 rupees
  9. 18
  10. 10
  11. 20
  12. 54
  13. 33
  14. 2
  15. 11
  16. 10
  17. 45
  18. 15
  19. 25
  20. 9
  21. 20
  22. 10
  23. 2
  24. 2
  25. 44
  26. 66
  27. 60
  28. 2
  29. 10
  30. 5
  31. 25
  32. 27
  33. 33
  34. 12
  35. 76
  36. 10
  37. 39
  38. 51
  39. 10
  40. 66

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