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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 1 · 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.

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  1. 1.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  2. 2.One fruit cup costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹44 to make and Diya sells it for ₹55. What is the markup in percent?
  4. 4.One clay diya costs ₹25 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  6. 6.One jute bag costs ₹52 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹39 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One painted pebble costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  9. 9.One cupcake costs ₹40 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹42 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  12. 12.One jute bag costs ₹16 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹55 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹55 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  18. 18.One fruit cup costs ₹60 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹40 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  20. 20.One glass of chai costs ₹56 to make and Kavya sells it for ₹70. What is the markup in percent?
  21. 21.One painted pebble costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  22. 22.One clay diya costs ₹30 to make and Ananya sells it for ₹36. What is the markup in percent?
  23. 23.One jute bag costs ₹52 to make and Arjun sells it for ₹78. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹31 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹52 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹28 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹44 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹19 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹35 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹59 to make and Nisha sells it for ₹118. What is the markup in percent?
  34. 34.One cupcake costs ₹16 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹20 to make and Dev sells it for ₹25. What is the markup in percent?
  36. 36.One cupcake costs ₹60 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹60 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  38. 38.One painted pebble costs ₹57 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 3
  3. 25
  4. 30
  5. what buyers will pay
  6. 65
  7. 39
  8. 10
  9. 44
  10. 42
  11. a loss
  12. 16
  13. 110
  14. 10
  15. 11
  16. 24
  17. 10 rupees
  18. 12
  19. 20
  20. 25
  21. 10
  22. 20
  23. 50
  24. 62
  25. 65
  26. 25
  27. 42
  28. 44
  29. 33
  30. 38
  31. 10
  32. 7
  33. 100
  34. 8
  35. 25
  36. 66
  37. 10
  38. 114
  39. 18
  40. 10

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