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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 566 · 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) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  2. 2.One bag of popcorn costs ₹36 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹36 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One clay diya costs ₹30 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹16 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹50 to make and Rohan sells it for ₹100. What is the markup in percent?
  8. 8.One cupcake costs ₹58 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹11 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹26 to make and Rohan sells it for ₹39. What is the markup in percent?
  11. 11.One fruit cup costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  12. 12.One paper bookmark costs ₹29 to make and Farhan sells it for ₹58. What is the markup in percent?
  13. 13.One potted plant costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  15. 15.One fruit cup costs ₹52 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹44 to make and Joseph sells it for ₹55. What is the markup in percent?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  18. 18.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  19. 19.One jute bag costs ₹16 to make and Lakshmi sells it for ₹20. What is the markup in percent?
  20. 20.One potted plant costs ₹14 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  22. 22.One handmade card costs ₹56 to make and Rohan sells it for ₹70. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹58 to make and Aarav sells it for ₹116. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹26 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹60 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹44 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹10 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹48 to make and Diya sells it for ₹60. What is the markup in percent?
  31. 31.One glass of chai costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  32. 32.One paper bookmark costs ₹32 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹44 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹32 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹40 to make and Aarav sells it for ₹48. What is the markup in percent?
  36. 36.One handmade card costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One paper bookmark costs ₹45 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  39. 39.One fruit cup costs ₹50 to make and Zoya sells it for ₹100. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹52 to make and Lakshmi sells it for ₹65. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 45
  3. 18
  4. 36
  5. 4
  6. 12
  7. 100
  8. 87
  9. 22
  10. 50
  11. 10
  12. 100
  13. 7
  14. what buyers will pay
  15. 78
  16. 25
  17. 10 rupees
  18. a loss
  19. 25
  20. 28
  21. 20
  22. 25
  23. 100
  24. 52
  25. 12
  26. 66
  27. 5
  28. 33
  29. 22
  30. 25
  31. 25
  32. 40
  33. 66
  34. 50
  35. 20
  36. 1
  37. 9
  38. 10
  39. 100
  40. 25

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