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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 324 · 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) the weather only (c) what buyers will pay (d) nothing else
  2. 2.One clay diya costs ₹56 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One handmade card costs ₹20 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹12 to make and Kabir sells it for ₹15. What is the markup in percent?
  6. 6.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  7. 7.One bag of popcorn costs ₹55 to make and Nisha sells it for ₹66. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  9. 9.One friendship band costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹60 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹12 to make and Ananya sells it for ₹18. What is the markup in percent?
  12. 12.One cupcake costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹20 to make and Riya sells it for ₹25. What is the markup in percent?
  14. 14.One fruit cup costs ₹60 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹29 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹12 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹24 to make and Ananya sells it for ₹36. What is the markup in percent?
  20. 20.One friendship band costs ₹22 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹24 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  23. 23.One clay diya costs ₹56 to make and Gurpreet sells it for ₹84. What is the markup in percent?
  24. 24.One clay diya costs ₹60 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹40 to make and Kabir sells it for ₹48. What is the markup in percent?
  26. 26.One potted plant costs ₹40 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹14 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹20 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  31. 31.One friendship band costs ₹28 to make and Kavya sells it for ₹42. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹28 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹25 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  34. 34.One fruit cup costs ₹46 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹20 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹20 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹10 to make and Meera sells it for ₹20. What is the markup in percent?
  38. 38.One cupcake costs ₹22 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 70
  3. 3
  4. 40
  5. 25
  6. cost + a markup
  7. 20
  8. a loss
  9. 10
  10. 30
  11. 50
  12. 4
  13. 25
  14. 75
  15. 66
  16. 29
  17. 5
  18. 18
  19. 50
  20. 33
  21. 6
  22. 20
  23. 50
  24. 12
  25. 20
  26. 48
  27. 28
  28. 25
  29. 48
  30. 10
  31. 50
  32. 56
  33. 20
  34. 46
  35. 2
  36. 5
  37. 100
  38. 44
  39. 22
  40. 60

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