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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 378 · 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) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  2. 2.One glass of chai costs ₹10 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs ₹20 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  4. 4.One clay diya costs ₹31 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹60 to make and Vihaan sells it for ₹120. What is the markup in percent?
  6. 6.One cupcake costs ₹24 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One cup of lemonade costs ₹50 to make and Nisha sells it for ₹100. What is the markup in percent?
  8. 8.One glass of chai costs ₹56 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹20 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹10 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹42 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One painted pebble costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹14 to make and Vihaan sells it for ₹21. What is the markup in percent?
  16. 16.One painted pebble costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  17. 17.One handmade card costs ₹55 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹25 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  19. 19.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  20. 20.One paper bookmark costs ₹52 to make and Riya sells it for ₹65. What is the markup in percent?
  21. 21.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  22. 22.One painted pebble costs ₹14 to make and Ananya sells it for ₹28. What is the markup in percent?
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  24. 24.One fruit cup costs ₹40 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  25. 25.One potted plant costs ₹18 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹55 to make and Tara sells it for ₹66. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  28. 28.One clay diya costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹14 to make and Farhan sells it for ₹28. What is the markup in percent?
  31. 31.One fruit cup costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  32. 32.One handmade card costs ₹20 to make and Riya sells it for ₹25. What is the markup in percent?
  33. 33.One cupcake costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹30 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹20 to make and Aarav sells it for ₹30. What is the markup in percent?
  36. 36.One bag of popcorn costs ₹30 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹48 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 2
  3. 20
  4. 62
  5. 100
  6. 12
  7. 100
  8. 84
  9. 25
  10. 15
  11. 63
  12. 18
  13. 10
  14. 22
  15. 50
  16. 10
  17. 11
  18. 30
  19. what buyers will pay
  20. 25
  21. a loss
  22. 100
  23. 10 rupees
  24. 50
  25. 9
  26. 20
  27. 10
  28. 75
  29. 3
  30. 100
  31. 10
  32. 25
  33. 1
  34. 15
  35. 50
  36. 30
  37. 24
  38. 48
  39. 2
  40. 60

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