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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 667 · 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) copy a rival (c) cost − a markup (d) cost + a markup
  2. 2.One clay diya costs ₹39 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹25 to make and Meera sells it for ₹30. What is the markup in percent?
  4. 4.One glass of chai costs ₹15 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One handmade card costs ₹56 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One paper bookmark costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  7. 7.One cupcake costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹24 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  11. 11.One friendship band costs ₹54 to make and Zoya sells it for ₹81. What is the markup in percent?
  12. 12.One cupcake costs ₹14 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  14. 14.One friendship band costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One handmade card costs ₹40 to make and Zoya sells it for ₹60. What is the markup in percent?
  16. 16.One handmade card costs ₹25 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  18. 18.One fruit cup costs ₹58 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹56 to make and Rohan sells it for ₹70. What is the markup in percent?
  20. 20.One cupcake costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹15 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹10 to make and Kabir sells it for ₹12. What is the markup in percent?
  24. 24.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  25. 25.One fruit cup costs ₹16 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹40 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹37 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  30. 30.One paper bookmark costs ₹16 to make and Gurpreet sells it for ₹20. What is the markup in percent?
  31. 31.One friendship band costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹52 to make and Kavya sells it for ₹104. What is the markup in percent?
  35. 35.One glass of chai costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹52 to make and Zoya sells it for ₹65. What is the markup in percent?
  37. 37.One handmade card costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹20 to make and Rohan sells it for ₹30. What is the markup in percent?
  39. 39.One paper bookmark costs ₹18 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹14 to make and Aarav sells it for ₹21. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 39
  3. 20
  4. 15
  5. 112
  6. 20
  7. 18
  8. 66
  9. 12
  10. a loss
  11. 50
  12. 7
  13. 10
  14. 66
  15. 50
  16. 5
  17. 20
  18. 87
  19. 25
  20. 66
  21. 11
  22. 3
  23. 20
  24. what buyers will pay
  25. 20
  26. 7
  27. 48
  28. 74
  29. 10 rupees
  30. 25
  31. 5
  32. 11
  33. 55
  34. 100
  35. 9
  36. 25
  37. 2
  38. 50
  39. 9
  40. 50

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