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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 190 · 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) guess any price (c) cost + a markup (d) copy a rival
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  3. 3.One glass of chai costs ₹60 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹44 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹14 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹39 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹16 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  12. 12.One glass of chai costs ₹34 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹14 to make and Tara sells it for ₹21. What is the markup in percent?
  15. 15.One fruit cup costs ₹25 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹20 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹48 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹45 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹30 to make and Joseph sells it for ₹36. What is the markup in percent?
  22. 22.One bag of popcorn costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  25. 25.One clay diya costs ₹18 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹50 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹12 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹20 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹45 to make and Diya sells it for ₹90. What is the markup in percent?
  30. 30.One painted pebble costs ₹45 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  32. 32.One friendship band costs ₹12 to make and Diya sells it for ₹24. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹19 to make and Kavya sells it for ₹38. What is the markup in percent?
  34. 34.One painted pebble costs ₹57 to make and Lakshmi sells it for ₹114. What is the markup in percent?
  35. 35.One glass of chai costs ₹22 to make and Ananya sells it for ₹44. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹15 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹15 to make and Gurpreet sells it for ₹18. What is the markup in percent?
  38. 38.One clay diya costs ₹40 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹16 to make and Tara sells it for ₹20. What is the markup in percent?
  40. 40.One friendship band costs ₹55 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. what buyers will pay
  3. 6
  4. 11
  5. 28
  6. 78
  7. 32
  8. 8
  9. 5
  10. 10
  11. a loss
  12. 17
  13. 33
  14. 50
  15. 5
  16. 5
  17. 33
  18. 60
  19. 11
  20. 9
  21. 20
  22. 55
  23. 9
  24. 10 rupees
  25. 18
  26. 60
  27. 3
  28. 25
  29. 100
  30. 9
  31. 10
  32. 100
  33. 100
  34. 100
  35. 100
  36. 30
  37. 20
  38. 50
  39. 25
  40. 66

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