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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 62 · 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) cost + a markup (d) guess any price
  2. 2.One cupcake costs ₹50 to make and Saanvi sells it for ₹75. What is the markup in percent?
  3. 3.One painted pebble costs ₹52 to make and Nisha sells it for ₹65. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹27 to make and Meera sells it for ₹54. What is the markup in percent?
  5. 5.One jute bag costs ₹60 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  7. 7.One potted plant costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹28 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹32 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  13. 13.One potted plant costs ₹22 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One handmade card costs ₹24 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹22 to make and Nisha sells it for ₹33. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹20 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  20. 20.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  21. 21.One bag of popcorn costs ₹45 to make and Ananya sells it for ₹54. What is the markup in percent?
  22. 22.One jute bag costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One bag of popcorn costs ₹47 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹55 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  27. 27.One paper bookmark costs ₹15 to make and Gurpreet sells it for ₹18. What is the markup in percent?
  28. 28.One paper bookmark costs ₹37 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹39 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹18 to make and Ananya sells it for ₹27. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹60 to make and Vihaan sells it for ₹75. What is the markup in percent?
  33. 33.One fruit cup costs ₹58 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹25 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹34 to make and Farhan sells it for ₹51. What is the markup in percent?
  36. 36.One potted plant costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  38. 38.One paper bookmark costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹29 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹52 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 50
  3. 25
  4. 100
  5. 72
  6. what buyers will pay
  7. 72
  8. 54
  9. 35
  10. 20
  11. 48
  12. 10 rupees
  13. 22
  14. 30
  15. 22
  16. 1
  17. 50
  18. 10
  19. 10
  20. a loss
  21. 20
  22. 66
  23. 11
  24. 94
  25. 11
  26. 10
  27. 20
  28. 74
  29. 78
  30. 55
  31. 50
  32. 25
  33. 87
  34. 30
  35. 50
  36. 35
  37. 10
  38. 1
  39. 58
  40. 78

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