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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 984 · 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) break-even (c) a loss (d) free stock
  2. 2.One paper bookmark costs ₹15 to make and Tara sells it for ₹18. What is the markup in percent?
  3. 3.One handmade card costs ₹60 to make and Nisha sells it for ₹66. What is the markup in percent?
  4. 4.One painted pebble costs ₹38 to make and Riya sells it for ₹76. What is the markup in percent?
  5. 5.One fruit cup costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  6. 6.One friendship band costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹52 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  10. 10.One paper bookmark costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  12. 12.One jute bag costs ₹24 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  14. 14.One cupcake costs ₹35 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One fruit cup costs ₹32 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹52 to make and Aarav sells it for ₹65. What is the markup in percent?
  17. 17.One potted plant costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹12 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?
  21. 21.One clay diya costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One jute bag costs ₹40 to make and Rohan sells it for ₹50. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹60 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹22 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  26. 26.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  27. 27.One bag of popcorn costs ₹55 to make and Diya sells it for ₹66. What is the markup in percent?
  28. 28.One friendship band costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹28 to make and Rohan sells it for ₹35. What is the markup in percent?
  30. 30.One glass of chai costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  34. 34.One painted pebble costs ₹15 to make and Dev sells it for ₹18. What is the markup in percent?
  35. 35.One painted pebble costs ₹32 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹10 to make and Diya sells it for ₹15. What is the markup in percent?
  37. 37.One potted plant costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  40. 40.One fruit cup costs ₹20 to make and Lakshmi sells it for ₹25. What is the markup in percent?

Answer key

  1. a loss
  2. 20
  3. 10
  4. 100
  5. 10
  6. 30
  7. 78
  8. 12
  9. 20
  10. 3
  11. what buyers will pay
  12. 30
  13. 10 rupees
  14. 70
  15. 40
  16. 25
  17. 20
  18. 6
  19. 18
  20. 10
  21. 11
  22. 12
  23. 25
  24. 6
  25. 100
  26. cost + a markup
  27. 20
  28. 10
  29. 25
  30. 5
  31. 10
  32. 6
  33. 10
  34. 20
  35. 40
  36. 50
  37. 10
  38. 11
  39. 20
  40. 25

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