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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 517 · 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) what buyers will pay (c) your favourite number (d) nothing else
  2. 2.One clay diya costs ₹34 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹45 to make and Ananya sells it for ₹54. What is the markup in percent?
  4. 4.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  5. 5.One cupcake costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  6. 6.One paper bookmark costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  7. 7.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  8. 8.One paper bookmark costs ₹39 to make and Farhan sells it for ₹78. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  10. 10.One glass of chai costs ₹48 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹30 to make and Aarav sells it for ₹36. What is the markup in percent?
  13. 13.One glass of chai costs ₹28 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  15. 15.One handmade card costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹40 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹14 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹38 to make and Rohan sells it for ₹57. What is the markup in percent?
  23. 23.One clay diya costs ₹45 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹13 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹18 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹40 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹22 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹56 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹28 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹43 to make and Kavya sells it for ₹86. What is the markup in percent?
  35. 35.One painted pebble costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  36. 36.One friendship band costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹60 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹43 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 68
  3. 20
  4. cost + a markup
  5. 10
  6. 10
  7. a loss
  8. 100
  9. 10 rupees
  10. 72
  11. 10
  12. 20
  13. 28
  14. 10
  15. 11
  16. 55
  17. 55
  18. 50
  19. 28
  20. 33
  21. 55
  22. 50
  23. 9
  24. 2
  25. 13
  26. 18
  27. 66
  28. 50
  29. 22
  30. 5
  31. 70
  32. 14
  33. 7
  34. 100
  35. 20
  36. 11
  37. 72
  38. 72
  39. 86
  40. 50

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