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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 601 · 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.One cupcake costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  3. 3.One jute bag costs ₹60 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  5. 5.One cup of lemonade costs ₹24 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One bag of popcorn costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹28 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  9. 9.One painted pebble costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹12 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹45 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  13. 13.One cup of lemonade costs ₹30 to make and Ananya sells it for ₹45. What is the markup in percent?
  14. 14.One friendship band costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹30 to make and Tara sells it for ₹36. What is the markup in percent?
  16. 16.One handmade card costs ₹32 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹44 to make and Dev sells it for ₹55. What is the markup in percent?
  18. 18.One painted pebble costs ₹44 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹32 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹12 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹16 to make and Arjun sells it for ₹20. What is the markup in percent?
  23. 23.One handmade card costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  24. 24.One paper bookmark costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  25. 25.One clay diya costs ₹60 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹60 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  27. 27.One friendship band costs ₹30 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?
  30. 30.One potted plant costs ₹60 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹46 to make and Meera sells it for ₹69. What is the markup in percent?
  32. 32.One handmade card costs ₹18 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹17 to make and Riya sells it for ₹34. What is the markup in percent?
  35. 35.One paper bookmark costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹30 to make and Ishaan sells it for ₹36. What is the markup in percent?
  37. 37.One cupcake costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹24 to make and Kavya sells it for ₹30. What is the markup in percent?
  39. 39.One jute bag costs ₹40 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹36 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 6
  2. what buyers will pay
  3. 12
  4. a loss
  5. 36
  6. 3
  7. 14
  8. cost + a markup
  9. 45
  10. 18
  11. 9
  12. 10 rupees
  13. 50
  14. 55
  15. 20
  16. 48
  17. 25
  18. 11
  19. 48
  20. 6
  21. 54
  22. 25
  23. 10
  24. 10
  25. 72
  26. 20
  27. 15
  28. 4
  29. 10
  30. 6
  31. 50
  32. 36
  33. 2
  34. 100
  35. 72
  36. 20
  37. 2
  38. 25
  39. 44
  40. 45

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