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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 973 · 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.One potted plant costs ₹28 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹38 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  4. 4.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  5. 5.One handmade card costs ₹60 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One fruit cup costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹42 to make and Kabir sells it for ₹63. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹55 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹40 to make and Tara sells it for ₹60. What is the markup in percent?
  10. 10.One cupcake costs ₹18 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹52 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  13. 13.One potted plant costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹60 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹49 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  17. 17.One glass of chai costs ₹59 to make and Gurpreet sells it for ₹118. What is the markup in percent?
  18. 18.One friendship band costs ₹12 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹38 to make and Riya sells it for ₹76. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹56 to make and Tara sells it for ₹70. What is the markup in percent?
  21. 21.One glass of chai costs ₹55 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  24. 24.One paper bookmark costs ₹40 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹43 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹54 to make and Rohan sells it for ₹108. What is the markup in percent?
  27. 27.One paper bookmark costs ₹36 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹15 to make and Meera sells it for ₹18. What is the markup in percent?
  29. 29.One cupcake costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  31. 31.One cupcake costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹40 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹53 to make and Vihaan sells it for ₹106. What is the markup in percent?
  35. 35.One handmade card costs ₹32 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹12 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  38. 38.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  39. 39.One glass of chai costs ₹32 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹25 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 7
  2. 76
  3. what buyers will pay
  4. a loss
  5. 90
  6. 5
  7. 50
  8. 110
  9. 50
  10. 18
  11. 13
  12. 10 rupees
  13. 66
  14. 12
  15. 98
  16. 10
  17. 100
  18. 18
  19. 100
  20. 25
  21. 11
  22. 4
  23. 10
  24. 50
  25. 86
  26. 100
  27. 36
  28. 20
  29. 20
  30. 10
  31. 44
  32. 72
  33. 48
  34. 100
  35. 8
  36. 12
  37. 15
  38. cost + a markup
  39. 8
  40. 5

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