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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 502 · 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) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  2. 2.One painted pebble costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹25 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  5. 5.One cupcake costs ₹30 to make and Ishaan sells it for ₹60. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  7. 7.One paper bookmark costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  9. 9.One painted pebble costs ₹28 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹24 to make and Saanvi sells it for ₹36. What is the markup in percent?
  11. 11.One fruit cup costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹36 to make and Nisha sells it for ₹72. What is the markup in percent?
  13. 13.One fruit cup costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹53 to make and Farhan sells it for ₹106. What is the markup in percent?
  15. 15.One jute bag costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  17. 17.One cup of lemonade costs ₹11 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹20 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹52 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  23. 23.One glass of chai costs ₹30 to make and Diya sells it for ₹60. What is the markup in percent?
  24. 24.One potted plant costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹34 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹49 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹46 to make and Farhan sells it for ₹92. What is the markup in percent?
  28. 28.One paper bookmark costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  29. 29.One friendship band costs ₹20 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹25 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹12 to make and Arjun sells it for ₹18. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹52 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹11 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹10 to make and Ishaan sells it for ₹15. What is the markup in percent?
  36. 36.One potted plant costs ₹48 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹56 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹28 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 45
  3. 30
  4. 10 rupees
  5. 100
  6. a loss
  7. 11
  8. 25
  9. 7
  10. 50
  11. 2
  12. 100
  13. 10
  14. 100
  15. 33
  16. cost + a markup
  17. 11
  18. 40
  19. 78
  20. 55
  21. 10
  22. 10
  23. 100
  24. 5
  25. 17
  26. 49
  27. 100
  28. 10
  29. 10
  30. 30
  31. 22
  32. 50
  33. 26
  34. 11
  35. 50
  36. 60
  37. 14
  38. 6
  39. 35
  40. 22

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