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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 478 · 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 jute bag costs ₹40 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  4. 4.One glass of chai costs ₹18 to make and Meera sells it for ₹36. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹28 to make and Arjun sells it for ₹35. What is the markup in percent?
  6. 6.One painted pebble costs ₹35 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One cupcake costs ₹30 to make and Diya sells it for ₹45. What is the markup in percent?
  8. 8.One potted plant costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹10 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  11. 11.One paper bookmark costs ₹25 to make and Aarav sells it for ₹50. What is the markup in percent?
  12. 12.One fruit cup costs ₹29 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹36 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹14 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  17. 17.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  18. 18.One friendship band costs ₹46 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹18 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  23. 23.One clay diya costs ₹20 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹56 to make and Aarav sells it for ₹70. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹22 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹32 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹48 to make and Aarav sells it for ₹60. What is the markup in percent?
  29. 29.One clay diya costs ₹11 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹20 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹37 to make and Meera sells it for ₹74. What is the markup in percent?
  34. 34.One handmade card costs ₹40 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹46 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹33 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  39. 39.One glass of chai costs ₹59 to make and Zoya sells it for ₹118. What is the markup in percent?
  40. 40.One handmade card costs ₹24 to make and Aarav sells it for ₹30. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 60
  3. 10 rupees
  4. 100
  5. 25
  6. 35
  7. 50
  8. 22
  9. 10
  10. a loss
  11. 100
  12. 58
  13. 18
  14. 28
  15. 50
  16. 10
  17. what buyers will pay
  18. 69
  19. 11
  20. 36
  21. 55
  22. 10
  23. 25
  24. 25
  25. 33
  26. 55
  27. 16
  28. 25
  29. 11
  30. 40
  31. 5
  32. 12
  33. 100
  34. 48
  35. 23
  36. 1
  37. 66
  38. 10
  39. 100
  40. 25

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