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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 154 · 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 cup of lemonade costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  3. 3.One friendship band costs ₹10 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  5. 5.One cupcake costs ₹56 to make and Farhan sells it for ₹70. What is the markup in percent?
  6. 6.One friendship band costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹45 to make and Tara sells it for ₹54. What is the markup in percent?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  9. 9.One handmade card costs ₹60 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹14 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹48 to make and Kavya sells it for ₹60. What is the markup in percent?
  13. 13.One painted pebble costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹20 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹45 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹16 to make and Nisha sells it for ₹24. What is the markup in percent?
  17. 17.One clay diya costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  18. 18.One clay diya costs ₹60 to make and Kabir sells it for ₹72. What is the markup in percent?
  19. 19.One jute bag costs ₹56 to make and Nisha sells it for ₹112. What is the markup in percent?
  20. 20.One paper bookmark costs ₹25 to make and Aarav sells it for ₹30. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹56 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  23. 23.One fruit cup costs ₹10 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹44 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  26. 26.One paper bookmark costs ₹50 to make and Saanvi sells it for ₹75. What is the markup in percent?
  27. 27.One paper bookmark costs ₹23 to make and Meera sells it for ₹46. What is the markup in percent?
  28. 28.One jute bag costs ₹26 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹48 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹16 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹58 to make and Zoya sells it for ₹116. What is the markup in percent?
  33. 33.One friendship band costs ₹20 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹41 to make and Tara sells it for ₹82. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹18 to make and Vihaan sells it for ₹27. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹20 to make and Dev sells it for ₹40. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹12 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹45 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹46 to make and Dev sells it for ₹92. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹38 to make and Rohan sells it for ₹57. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 10
  3. 12
  4. a loss
  5. 25
  6. 66
  7. 20
  8. 10 rupees
  9. 12
  10. 18
  11. 7
  12. 25
  13. 10
  14. 5
  15. 9
  16. 50
  17. 10
  18. 20
  19. 100
  20. 20
  21. 14
  22. what buyers will pay
  23. 10
  24. 55
  25. 10
  26. 50
  27. 100
  28. 39
  29. 12
  30. 4
  31. 3
  32. 100
  33. 10
  34. 100
  35. 50
  36. 100
  37. 3
  38. 9
  39. 100
  40. 50

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