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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 481 · 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 ₹11 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  4. 4.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  5. 5.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  6. 6.One clay diya costs ₹32 to make and Farhan sells it for ₹64. What is the markup in percent?
  7. 7.One painted pebble costs ₹11 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹28 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹40 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  11. 11.One paper bookmark costs ₹48 to make and Dev sells it for ₹72. What is the markup in percent?
  12. 12.One clay diya costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  13. 13.One cupcake costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  15. 15.One painted pebble costs ₹28 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹50 to make and Zoya sells it for ₹75. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹42 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹48 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹24 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  21. 21.One cupcake costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹45 to make and Zoya sells it for ₹54. What is the markup in percent?
  23. 23.One potted plant costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹30 to make and Aarav sells it for ₹36. What is the markup in percent?
  25. 25.One handmade card costs ₹24 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹40 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹52 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹10 to make and Aarav sells it for ₹15. What is the markup in percent?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  31. 31.One handmade card costs ₹48 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹30 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹20 to make and Saanvi sells it for ₹24. What is the markup in percent?
  36. 36.One cupcake costs ₹24 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹13 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹14 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹30 to make and Rohan sells it for ₹36. What is the markup in percent?
  40. 40.One cupcake costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 22
  3. 10
  4. a loss
  5. cost + a markup
  6. 100
  7. 22
  8. 14
  9. 50
  10. 10
  11. 50
  12. 20
  13. 1
  14. 10
  15. 56
  16. 50
  17. 84
  18. 72
  19. 30
  20. 20
  21. 30
  22. 20
  23. 10
  24. 20
  25. 6
  26. 60
  27. 13
  28. 33
  29. 50
  30. 10 rupees
  31. 60
  32. 24
  33. 5
  34. 45
  35. 20
  36. 30
  37. 13
  38. 21
  39. 20
  40. 70

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