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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 988 · 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) guess any price (c) cost + a markup (d) copy a rival
  2. 2.One paper bookmark costs ₹60 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  4. 4.One friendship band costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹60 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs ₹56 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  11. 11.One friendship band costs ₹32 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹38 to make and Joseph sells it for ₹57. What is the markup in percent?
  13. 13.One clay diya costs ₹45 to make and Meera sells it for ₹90. What is the markup in percent?
  14. 14.One handmade card costs ₹60 to make and Riya sells it for ₹66. What is the markup in percent?
  15. 15.One clay diya costs ₹44 to make and Meera sells it for ₹88. What is the markup in percent?
  16. 16.One clay diya costs ₹55 to make and Zoya sells it for ₹66. What is the markup in percent?
  17. 17.One cupcake costs ₹20 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  19. 19.One potted plant costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹31 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹10 to make and Meera sells it for ₹12. What is the markup in percent?
  22. 22.One handmade card costs ₹22 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  25. 25.One glass of chai costs ₹55 to make and Meera sells it for ₹66. What is the markup in percent?
  26. 26.One potted plant costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹32 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹25 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹47 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹40 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹10 to make and Ananya sells it for ₹15. What is the markup in percent?
  35. 35.One glass of chai costs ₹56 to make and Dev sells it for ₹70. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹20 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  39. 39.One cupcake costs ₹46 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹52 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 72
  3. a loss
  4. 22
  5. 30
  6. 66
  7. 3
  8. 2
  9. 70
  10. 10 rupees
  11. 16
  12. 50
  13. 100
  14. 10
  15. 100
  16. 20
  17. 25
  18. what buyers will pay
  19. 20
  20. 31
  21. 20
  22. 44
  23. 6
  24. 20
  25. 20
  26. 22
  27. 8
  28. 48
  29. 5
  30. 44
  31. 2
  32. 94
  33. 8
  34. 50
  35. 25
  36. 40
  37. 30
  38. 10
  39. 69
  40. 104

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