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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 968 · 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.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  2. 2.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  3. 3.One clay diya costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  4. 4.One friendship band costs ₹60 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One fruit cup costs ₹48 to make and Rohan sells it for ₹60. What is the markup in percent?
  6. 6.One paper bookmark costs ₹16 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹44 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹48 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹25 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹12 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹12 to make and Kabir sells it for ₹24. What is the markup in percent?
  12. 12.One fruit cup costs ₹34 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  14. 14.One fruit cup costs ₹16 to make and Aarav sells it for ₹20. What is the markup in percent?
  15. 15.One handmade card costs ₹45 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹24 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹45 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹60 to make and Farhan sells it for ₹120. What is the markup in percent?
  21. 21.One clay diya costs ₹22 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹10 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹36 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹44 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹12 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹24 to make and Riya sells it for ₹36. What is the markup in percent?
  27. 27.One cupcake costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  28. 28.One jute bag costs ₹35 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹15 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  32. 32.One handmade card costs ₹29 to make and Nisha sells it for ₹58. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  34. 34.One clay diya costs ₹60 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹49 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹36 to make and Meera sells it for ₹72. What is the markup in percent?
  37. 37.One painted pebble costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  39. 39.One potted plant costs ₹38 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. a loss
  3. 10
  4. 15
  5. 25
  6. 20
  7. 55
  8. 24
  9. 25
  10. 15
  11. 100
  12. 17
  13. cost + a markup
  14. 25
  15. 54
  16. 36
  17. 54
  18. 66
  19. 42
  20. 100
  21. 33
  22. 12
  23. 72
  24. 55
  25. 3
  26. 50
  27. 10
  28. 42
  29. 15
  30. 10
  31. 10 rupees
  32. 100
  33. 25
  34. 12
  35. 98
  36. 100
  37. 10
  38. 20
  39. 38
  40. 10

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