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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 141 · 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) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  2. 2.One fruit cup costs ₹50 to make and Ishaan sells it for ₹60. What is the markup in percent?
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  4. 4.One bag of popcorn costs ₹56 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  6. 6.One bag of popcorn costs ₹28 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹52 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One potted plant costs ₹52 to make and Vihaan sells it for ₹78. What is the markup in percent?
  9. 9.One glass of chai costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹30 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  12. 12.One clay diya costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  13. 13.One handmade card costs ₹50 to make and Kabir sells it for ₹60. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹36 to make and Ishaan sells it for ₹45. What is the markup in percent?
  16. 16.One fruit cup costs ₹20 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹27 to make and Joseph sells it for ₹54. What is the markup in percent?
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  19. 19.One potted plant costs ₹26 to make and Nisha sells it for ₹39. What is the markup in percent?
  20. 20.One fruit cup costs ₹20 to make and Diya sells it for ₹24. What is the markup in percent?
  21. 21.One clay diya costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹52 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹16 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹20 to make and Aarav sells it for ₹24. What is the markup in percent?
  26. 26.One clay diya costs ₹26 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹44 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹36 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹32 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹60 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹40 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹17 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹32 to make and Vihaan sells it for ₹40. What is the markup in percent?
  35. 35.One glass of chai costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹38 to make and Ananya sells it for ₹76. What is the markup in percent?
  38. 38.One cupcake costs ₹40 to make and Arjun sells it for ₹48. What is the markup in percent?
  39. 39.One cupcake costs ₹40 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹16 to make and Ananya sells it for ₹24. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 20
  3. what buyers will pay
  4. 14
  5. a loss
  6. 42
  7. 65
  8. 50
  9. 44
  10. 45
  11. 10
  12. 10
  13. 20
  14. 55
  15. 25
  16. 25
  17. 100
  18. 10 rupees
  19. 50
  20. 20
  21. 10
  22. 6
  23. 13
  24. 8
  25. 20
  26. 26
  27. 88
  28. 45
  29. 33
  30. 48
  31. 60
  32. 8
  33. 17
  34. 25
  35. 3
  36. 30
  37. 100
  38. 20
  39. 10
  40. 50

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