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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 622 · 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) guess any price (c) cost + a markup (d) cost − a markup
  2. 2.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  3. 3.One glass of chai costs ₹20 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One clay diya costs ₹50 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One handmade card costs ₹56 to make and Ishaan sells it for ₹70. What is the markup in percent?
  6. 6.One jute bag costs ₹56 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹56 to make and Farhan sells it for ₹84. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹49 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs ₹60 to make and Zoya sells it for ₹72. What is the markup in percent?
  10. 10.One jute bag costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹26 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹21 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹56 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One cupcake costs ₹12 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹50 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  17. 17.One fruit cup costs ₹21 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹60 to make and Ishaan sells it for ₹90. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  20. 20.One jute bag costs ₹16 to make and Kabir sells it for ₹20. What is the markup in percent?
  21. 21.One handmade card costs ₹24 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹36 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  24. 24.One handmade card costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  25. 25.One handmade card costs ₹15 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  28. 28.One painted pebble costs ₹56 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹15 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  32. 32.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  33. 33.One paper bookmark costs ₹10 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹46 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹30 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹11 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. a loss
  3. 2
  4. 10
  5. 25
  6. 84
  7. 50
  8. 49
  9. 20
  10. 3
  11. 26
  12. 42
  13. 112
  14. 15
  15. 30
  16. 20
  17. 21
  18. 50
  19. 10
  20. 25
  21. 36
  22. 9
  23. 10
  24. 20
  25. 18
  26. 11
  27. 10 rupees
  28. 14
  29. 18
  30. 4
  31. 10
  32. what buyers will pay
  33. 2
  34. 23
  35. 6
  36. 55
  37. 11
  38. 5
  39. 10
  40. 55

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