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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 470 · 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) nothing else (d) what buyers will pay
  2. 2.One clay diya costs ₹12 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹21 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹44 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹21 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹50 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs ₹52 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  11. 11.One bag of popcorn costs ₹15 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹20 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹35 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  14. 14.One handmade card costs ₹48 to make and Ananya sells it for ₹60. What is the markup in percent?
  15. 15.One painted pebble costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  16. 16.One cupcake costs ₹26 to make and Riya sells it for ₹39. What is the markup in percent?
  17. 17.One fruit cup costs ₹16 to make and Vihaan sells it for ₹20. What is the markup in percent?
  18. 18.One cupcake costs ₹52 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹15 to make and Vihaan sells it for ₹18. What is the markup in percent?
  20. 20.One handmade card costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  22. 22.One cupcake costs ₹40 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  24. 24.One handmade card costs ₹44 to make and Ananya sells it for ₹55. What is the markup in percent?
  25. 25.One handmade card costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹24 to make and Rohan sells it for ₹30. What is the markup in percent?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  28. 28.One friendship band costs ₹45 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹20 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹16 to make and Tara sells it for ₹20. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹28 to make and Diya sells it for ₹35. What is the markup in percent?
  34. 34.One bag of popcorn costs ₹15 to make and Tara sells it for ₹18. What is the markup in percent?
  35. 35.One painted pebble costs ₹56 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹29 to make and Farhan sells it for ₹58. What is the markup in percent?
  38. 38.One fruit cup costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  39. 39.One clay diya costs ₹25 to make and Vihaan sells it for ₹30. What is the markup in percent?
  40. 40.One handmade card costs ₹38 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 6
  3. 21
  4. 55
  5. 21
  6. 6
  7. 10
  8. 78
  9. 18
  10. a loss
  11. 18
  12. 2
  13. 20
  14. 25
  15. 20
  16. 50
  17. 25
  18. 26
  19. 20
  20. 3
  21. cost + a markup
  22. 50
  23. 20
  24. 25
  25. 10
  26. 25
  27. 10 rupees
  28. 9
  29. 10
  30. 25
  31. 20
  32. 3
  33. 25
  34. 20
  35. 112
  36. 72
  37. 100
  38. 10
  39. 20
  40. 19

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