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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 41 · 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) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  2. 2.One clay diya costs ₹22 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One painted pebble costs ₹40 to make and Meera sells it for ₹50. What is the markup in percent?
  4. 4.One friendship band costs ₹37 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹50 to make and Riya sells it for ₹60. What is the markup in percent?
  6. 6.One painted pebble costs ₹36 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹28 to make and Arjun sells it for ₹35. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹48 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  10. 10.One friendship band costs ₹44 to make and Farhan sells it for ₹55. What is the markup in percent?
  11. 11.One handmade card costs ₹36 to make and Dev sells it for ₹54. What is the markup in percent?
  12. 12.One handmade card costs ₹33 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹27 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹48 to make and Ananya sells it for ₹60. What is the markup in percent?
  17. 17.One handmade card costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
  19. 19.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  20. 20.One cupcake costs ₹53 to make and Kabir sells it for ₹106. What is the markup in percent?
  21. 21.One clay diya costs ₹53 to make and Diya sells it for ₹106. What is the markup in percent?
  22. 22.One handmade card costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹12 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹50 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹46 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹60 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹18 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹40 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹16 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹41 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹12 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹44 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One bag of popcorn costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  38. 38.One glass of chai costs ₹44 to make and Tara sells it for ₹55. What is the markup in percent?
  39. 39.One jute bag costs ₹31 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹10 to make and Arjun sells it for ₹15. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 44
  3. 25
  4. 74
  5. 20
  6. 45
  7. 25
  8. 48
  9. a loss
  10. 25
  11. 50
  12. 66
  13. 54
  14. 22
  15. 30
  16. 25
  17. 4
  18. 10
  19. cost + a markup
  20. 100
  21. 100
  22. 11
  23. 4
  24. 2
  25. 3
  26. 5
  27. 69
  28. 6
  29. 48
  30. 9
  31. 50
  32. 4
  33. 82
  34. 15
  35. 44
  36. 55
  37. 10 rupees
  38. 25
  39. 31
  40. 50

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