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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 668 · 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 handmade card costs ₹32 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹48 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹58 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹45 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹52 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  9. 9.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  10. 10.One cup of lemonade costs ₹40 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹24 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  16. 16.One paper bookmark costs ₹50 to make and Joseph sells it for ₹60. What is the markup in percent?
  17. 17.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  18. 18.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  19. 19.One glass of chai costs ₹20 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  21. 21.One clay diya costs ₹50 to make and Arjun sells it for ₹60. What is the markup in percent?
  22. 22.One glass of chai costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹56 to make and Nisha sells it for ₹70. What is the markup in percent?
  24. 24.One clay diya costs ₹30 to make and Zoya sells it for ₹45. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹40 to make and Kavya sells it for ₹80. What is the markup in percent?
  26. 26.One potted plant costs ₹45 to make and Farhan sells it for ₹54. What is the markup in percent?
  27. 27.One handmade card costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹56 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  30. 30.One painted pebble costs ₹35 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹32 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹23 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs ₹24 to make and Kabir sells it for ₹48. What is the markup in percent?
  34. 34.One cupcake costs ₹30 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹20 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹60 to make and Riya sells it for ₹72. What is the markup in percent?
  38. 38.One cupcake costs ₹60 to make and Farhan sells it for ₹66. What is the markup in percent?
  39. 39.One fruit cup costs ₹35 to make and Arjun sells it for ₹42. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹45 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 16
  3. 96
  4. 29
  5. 24
  6. 54
  7. 10
  8. 65
  9. a loss
  10. 10
  11. 1
  12. 5
  13. 48
  14. 11
  15. 10
  16. 20
  17. what buyers will pay
  18. 10 rupees
  19. 5
  20. 10
  21. 20
  22. 3
  23. 25
  24. 50
  25. 100
  26. 20
  27. 33
  28. 70
  29. 20
  30. 70
  31. 64
  32. 23
  33. 100
  34. 15
  35. 20
  36. 44
  37. 20
  38. 10
  39. 20
  40. 45

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