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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 651 · 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) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  2. 2.One potted plant costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  4. 4.One jute bag costs ₹50 to make and Farhan sells it for ₹60. What is the markup in percent?
  5. 5.One cupcake costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹52 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  8. 8.One friendship band costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹46 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹56 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One fruit cup costs ₹60 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹19 to make and Saanvi sells it for ₹38. What is the markup in percent?
  14. 14.One paper bookmark costs ₹56 to make and Riya sells it for ₹84. What is the markup in percent?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  16. 16.One glass of chai costs ₹50 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  19. 19.One clay diya costs ₹37 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹53 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹25 to make and Dev sells it for ₹30. What is the markup in percent?
  24. 24.One painted pebble costs ₹48 to make and Dev sells it for ₹72. What is the markup in percent?
  25. 25.One clay diya costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹49 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹34 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹10 to make and Zoya sells it for ₹12. What is the markup in percent?
  29. 29.One jute bag costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹13 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs ₹55 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹56 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹30 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹38 to make and Joseph sells it for ₹57. What is the markup in percent?
  38. 38.One potted plant costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹54 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹40 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 1
  3. 20
  4. 20
  5. 10
  6. 78
  7. a loss
  8. 2
  9. 92
  10. 8
  11. 56
  12. 72
  13. 100
  14. 50
  15. 10 rupees
  16. 75
  17. 33
  18. what buyers will pay
  19. 37
  20. 4
  21. 53
  22. 22
  23. 20
  24. 50
  25. 22
  26. 49
  27. 68
  28. 20
  29. 11
  30. 26
  31. 22
  32. 3
  33. 11
  34. 44
  35. 70
  36. 6
  37. 50
  38. 66
  39. 81
  40. 60

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