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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 169 · 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.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  2. 2.One handmade card costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹14 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹22 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹44 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹46 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  11. 11.One clay diya costs ₹22 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹10 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹15 to make and Meera sells it for ₹18. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹56 to make and Lakshmi sells it for ₹84. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹10 to make and Saanvi sells it for ₹15. What is the markup in percent?
  16. 16.One clay diya costs ₹36 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹56 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  19. 19.One handmade card costs ₹30 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹12 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹15 to make and Tara sells it for ₹18. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹48 to make and Rohan sells it for ₹60. What is the markup in percent?
  24. 24.One handmade card costs ₹46 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹12 to make and Zoya sells it for ₹15. What is the markup in percent?
  26. 26.One jute bag costs ₹37 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  27. 27.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  28. 28.One bag of popcorn costs ₹58 to make and Meera sells it for ₹116. What is the markup in percent?
  29. 29.One handmade card costs ₹52 to make and Zoya sells it for ₹104. What is the markup in percent?
  30. 30.One jute bag costs ₹39 to make and Farhan sells it for ₹78. What is the markup in percent?
  31. 31.One friendship band costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  32. 32.One glass of chai costs ₹10 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹15 to make and Aarav sells it for ₹30. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹20 to make and Aarav sells it for ₹24. What is the markup in percent?
  35. 35.One fruit cup costs ₹26 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹14 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹36 to make and Arjun sells it for ₹72. What is the markup in percent?
  40. 40.One cupcake costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 4
  3. 28
  4. 1
  5. 10
  6. 11
  7. 66
  8. 23
  9. 1
  10. 10 rupees
  11. 33
  12. 15
  13. 20
  14. 50
  15. 50
  16. 18
  17. 84
  18. cost + a markup
  19. 6
  20. 3
  21. 5
  22. 20
  23. 25
  24. 92
  25. 25
  26. 74
  27. a loss
  28. 100
  29. 100
  30. 100
  31. 10
  32. 10
  33. 100
  34. 20
  35. 39
  36. 7
  37. 10
  38. 3
  39. 100
  40. 10

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