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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 297 · 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 paper bookmark costs ₹12 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹18 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One paper bookmark costs ₹40 to make and Nisha sells it for ₹60. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹28 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹46 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  9. 9.One paper bookmark costs ₹16 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹34 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹25 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹32 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹20 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹47 to make and Gurpreet sells it for ₹94. What is the markup in percent?
  16. 16.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  17. 17.One fruit cup costs ₹15 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹15 to make and Saanvi sells it for ₹30. What is the markup in percent?
  20. 20.One glass of chai costs ₹50 to make and Rohan sells it for ₹55. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹54 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  24. 24.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  25. 25.One handmade card costs ₹22 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹51 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹52 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹30 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹36 to make and Joseph sells it for ₹45. What is the markup in percent?
  33. 33.One glass of chai costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹30 to make and Tara sells it for ₹36. What is the markup in percent?
  36. 36.One fruit cup costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹22 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹23 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹16 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 18
  3. 27
  4. 50
  5. 40
  6. 35
  7. 69
  8. 20
  9. 32
  10. 51
  11. 30
  12. 22
  13. 40
  14. 25
  15. 100
  16. cost + a markup
  17. 3
  18. 33
  19. 100
  20. 10
  21. 27
  22. 12
  23. 18
  24. a loss
  25. 11
  26. 102
  27. 22
  28. 65
  29. 36
  30. 2
  31. 6
  32. 25
  33. 22
  34. 48
  35. 20
  36. 33
  37. 22
  38. 46
  39. 4
  40. 10

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