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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 305 · 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) copy a rival (d) cost − a markup
  2. 2.One potted plant costs ₹54 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹45 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs ₹23 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  7. 7.One clay diya costs ₹10 to make and Riya sells it for ₹12. What is the markup in percent?
  8. 8.One cupcake costs ₹48 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹42 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹25 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  12. 12.One fruit cup costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹22 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  15. 15.One fruit cup costs ₹60 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹32 to make and Ananya sells it for ₹64. What is the markup in percent?
  17. 17.One jute bag costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  19. 19.One jute bag costs ₹30 to make and Kavya sells it for ₹36. What is the markup in percent?
  20. 20.One potted plant costs ₹60 to make and Riya sells it for ₹75. What is the markup in percent?
  21. 21.One fruit cup costs ₹16 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹31 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One jute bag costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  24. 24.One friendship band costs ₹38 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹52 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹30 to make and Kavya sells it for ₹36. What is the markup in percent?
  29. 29.One painted pebble costs ₹29 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹24 to make and Joseph sells it for ₹48. What is the markup in percent?
  33. 33.One cupcake costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  34. 34.One glass of chai costs ₹26 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  36. 36.One jute bag costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹54 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹48 to make and Aarav sells it for ₹72. What is the markup in percent?
  39. 39.One glass of chai costs ₹32 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 81
  3. 11
  4. 9
  5. 23
  6. what buyers will pay
  7. 20
  8. 72
  9. 21
  10. 5
  11. 10 rupees
  12. 24
  13. 44
  14. 20
  15. 15
  16. 100
  17. 11
  18. 20
  19. 20
  20. 25
  21. 24
  22. 62
  23. 20
  24. 57
  25. 6
  26. 65
  27. 3
  28. 20
  29. 29
  30. 20
  31. 12
  32. 100
  33. 10
  34. 52
  35. 10
  36. 36
  37. 27
  38. 50
  39. 8
  40. 10

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