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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 37 · 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 cupcake costs ₹35 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹60 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹22 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  7. 7.One glass of chai costs ₹54 to make and Lakshmi sells it for ₹108. What is the markup in percent?
  8. 8.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  9. 9.One glass of chai costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  11. 11.One painted pebble costs ₹44 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  13. 13.One potted plant costs ₹32 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One cupcake costs ₹33 to make and Kavya sells it for ₹66. What is the markup in percent?
  15. 15.One glass of chai costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹28 to make and Gurpreet sells it for ₹35. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹20 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹60 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  21. 21.One handmade card costs ₹18 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹46 to make and Dev sells it for ₹92. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹55 to make and Aarav sells it for ₹110. What is the markup in percent?
  26. 26.One fruit cup costs ₹52 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹16 to make and Riya sells it for ₹20. What is the markup in percent?
  30. 30.One clay diya costs ₹22 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹10 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹52 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹15 to make and Zoya sells it for ₹18. What is the markup in percent?
  34. 34.One clay diya costs ₹16 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹28 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹42 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹43 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?
  39. 39.One painted pebble costs ₹44 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹48 to make and Dev sells it for ₹60. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 42
  3. 15
  4. 22
  5. 66
  6. 10
  7. 100
  8. what buyers will pay
  9. 10
  10. 20
  11. 11
  12. a loss
  13. 40
  14. 100
  15. 36
  16. 25
  17. 25
  18. 15
  19. 22
  20. 10 rupees
  21. 27
  22. 100
  23. 55
  24. 42
  25. 100
  26. 65
  27. 22
  28. 11
  29. 25
  30. 33
  31. 2
  32. 52
  33. 20
  34. 4
  35. 42
  36. 42
  37. 43
  38. 10
  39. 66
  40. 25

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