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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 509 · 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) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  2. 2.One friendship band costs ₹30 to make and Ananya sells it for ₹36. What is the markup in percent?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  4. 4.One painted pebble costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹16 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One cup of lemonade costs ₹12 to make and Rohan sells it for ₹18. What is the markup in percent?
  7. 7.One glass of chai costs ₹10 to make and Nisha sells it for ₹15. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  9. 9.One jute bag costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹40 to make and Nisha sells it for ₹48. What is the markup in percent?
  11. 11.One fruit cup costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹56 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹45 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹28 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹25 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  18. 18.One friendship band costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  20. 20.One glass of chai costs ₹30 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹32 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹60 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹50 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹47 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹44 to make and Diya sells it for ₹88. What is the markup in percent?
  27. 27.One paper bookmark costs ₹10 to make and Joseph sells it for ₹15. What is the markup in percent?
  28. 28.One glass of chai costs ₹10 to make and Kavya sells it for ₹12. What is the markup in percent?
  29. 29.One paper bookmark costs ₹18 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹34 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹36 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹40 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹48 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹28 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹10 to make and Aarav sells it for ₹15. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹15 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 20
  3. 10 rupees
  4. 48
  5. 4
  6. 50
  7. 50
  8. a loss
  9. 2
  10. 20
  11. 44
  12. 84
  13. 3
  14. 9
  15. 56
  16. 30
  17. what buyers will pay
  18. 2
  19. 10
  20. 6
  21. 48
  22. 90
  23. 10
  24. 10
  25. 94
  26. 100
  27. 50
  28. 20
  29. 9
  30. 17
  31. 9
  32. 50
  33. 24
  34. 44
  35. 6
  36. 35
  37. 54
  38. 50
  39. 42
  40. 18

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