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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 55 · 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) nothing else (c) your favourite number (d) what buyers will pay
  2. 2.One friendship band costs ₹44 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹60 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  5. 5.One painted pebble costs ₹27 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  10. 10.One glass of chai costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One friendship band costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  14. 14.One friendship band costs ₹56 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹58 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹15 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One paper bookmark costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  18. 18.One painted pebble costs ₹44 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹35 to make and Tara sells it for ₹42. What is the markup in percent?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  21. 21.One fruit cup costs ₹10 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cupcake costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹59 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹35 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  27. 27.One fruit cup costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹16 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹59 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  31. 31.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  32. 32.One paper bookmark costs ₹58 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹48 to make and Vihaan sells it for ₹60. What is the markup in percent?
  34. 34.One potted plant costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹20 to make and Arjun sells it for ₹25. What is the markup in percent?
  37. 37.One glass of chai costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹30 to make and Rohan sells it for ₹36. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹32 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. what buyers will pay
  2. 22
  3. 72
  4. a loss
  5. 54
  6. 6
  7. 5
  8. 11
  9. 10
  10. 1
  11. 55
  12. 24
  13. 10
  14. 28
  15. 29
  16. 15
  17. 20
  18. 88
  19. 20
  20. 10 rupees
  21. 1
  22. 6
  23. 8
  24. 59
  25. 35
  26. 10
  27. 66
  28. 24
  29. 59
  30. 12
  31. cost + a markup
  32. 116
  33. 25
  34. 6
  35. 12
  36. 25
  37. 1
  38. 20
  39. 64
  40. 72

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