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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 652 · 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) guess any price (d) cost − a markup
  2. 2.One cupcake costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹46 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One cupcake costs ₹48 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹30 to make and Ananya sells it for ₹36. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹50 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  8. 8.One cupcake costs ₹60 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹59 to make and Nisha sells it for ₹118. What is the markup in percent?
  10. 10.One paper bookmark costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹33 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹12 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹40 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹35 to make and Farhan sells it for ₹70. What is the markup in percent?
  16. 16.One jute bag costs ₹52 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  18. 18.One painted pebble costs ₹25 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹26 to make and Gurpreet sells it for ₹39. What is the markup in percent?
  21. 21.One cupcake costs ₹18 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  23. 23.One glass of chai costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  24. 24.One jute bag costs ₹21 to make and Meera sells it for ₹42. What is the markup in percent?
  25. 25.One cupcake costs ₹38 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹57 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹26 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹47 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  32. 32.One potted plant costs ₹45 to make and Gurpreet sells it for ₹54. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹28 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  34. 34.One glass of chai costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  35. 35.One handmade card costs ₹28 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹20 to make and Ishaan sells it for ₹24. What is the markup in percent?
  38. 38.One painted pebble costs ₹30 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹52 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 4
  3. 23
  4. 96
  5. 20
  6. 75
  7. what buyers will pay
  8. 60
  9. 100
  10. 12
  11. 48
  12. 33
  13. 18
  14. 10
  15. 100
  16. 13
  17. 10 rupees
  18. 5
  19. 11
  20. 50
  21. 9
  22. a loss
  23. 10
  24. 100
  25. 57
  26. 57
  27. 52
  28. 47
  29. 33
  30. 24
  31. 20
  32. 20
  33. 50
  34. 10
  35. 7
  36. 48
  37. 20
  38. 60
  39. 65
  40. 25

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