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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 307 · 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) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  2. 2.One clay diya costs ₹21 to make and Tara sells it for ₹42. What is the markup in percent?
  3. 3.One paper bookmark costs ₹28 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  5. 5.One potted plant costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  6. 6.One clay diya costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  7. 7.One paper bookmark costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  9. 9.One friendship band costs ₹55 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹18 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  11. 11.One potted plant costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹10 to make and Meera sells it for ₹12. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  14. 14.One paper bookmark costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  15. 15.One handmade card costs ₹35 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹42 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹30 to make and Gurpreet sells it for ₹36. What is the markup in percent?
  18. 18.One glass of chai costs ₹54 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  21. 21.One jute bag costs ₹40 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹57 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹50 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  26. 26.One jute bag costs ₹10 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  28. 28.One paper bookmark costs ₹56 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹10 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹10 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹16 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹20 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹35 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹26 to make and Lakshmi sells it for ₹52. What is the markup in percent?
  39. 39.One friendship band costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  40. 40.One potted plant costs ₹49 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 100
  3. 42
  4. 10 rupees
  5. 10
  6. 10
  7. 5
  8. a loss
  9. 11
  10. 100
  11. 4
  12. 20
  13. 25
  14. 10
  15. 42
  16. 63
  17. 20
  18. 81
  19. 6
  20. cost + a markup
  21. 60
  22. 2
  23. 114
  24. 10
  25. 20
  26. 5
  27. 10
  28. 28
  29. 3
  30. 10
  31. 3
  32. 2
  33. 50
  34. 2
  35. 7
  36. 35
  37. 2
  38. 100
  39. 10
  40. 49

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