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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 234 · 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) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  2. 2.One cupcake costs ₹15 to make and Kavya sells it for ₹30. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹10 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹56 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹30 to make and Joseph sells it for ₹36. What is the markup in percent?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  7. 7.One handmade card costs ₹10 to make and Lakshmi sells it for ₹12. What is the markup in percent?
  8. 8.One cupcake costs ₹10 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One paper bookmark costs ₹14 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹14 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹20 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹17 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?
  18. 18.One friendship band costs ₹30 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹54 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹11 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  22. 22.One jute bag costs ₹41 to make and Aarav sells it for ₹82. What is the markup in percent?
  23. 23.One potted plant costs ₹40 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹57 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹32 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹28 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹56 to make and Farhan sells it for ₹70. What is the markup in percent?
  28. 28.One handmade card costs ₹32 to make and Ananya sells it for ₹40. What is the markup in percent?
  29. 29.One friendship band costs ₹38 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹32 to make and Ananya sells it for ₹40. What is the markup in percent?
  31. 31.One handmade card costs ₹45 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  33. 33.One fruit cup costs ₹44 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  35. 35.One paper bookmark costs ₹14 to make and Kavya sells it for ₹21. What is the markup in percent?
  36. 36.One glass of chai costs ₹32 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  38. 38.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  39. 39.One painted pebble costs ₹44 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹35 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 100
  3. 20
  4. 70
  5. 20
  6. 10 rupees
  7. 20
  8. 12
  9. 48
  10. 18
  11. 7
  12. 21
  13. 2
  14. 1
  15. 11
  16. 34
  17. 25
  18. 36
  19. 108
  20. 11
  21. a loss
  22. 100
  23. 48
  24. 114
  25. 8
  26. 42
  27. 25
  28. 25
  29. 19
  30. 25
  31. 90
  32. 10
  33. 66
  34. 10
  35. 50
  36. 48
  37. 12
  38. cost + a markup
  39. 55
  40. 70

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