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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 671 · 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) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  2. 2.One fruit cup costs ₹25 to make and Kavya sells it for ₹30. What is the markup in percent?
  3. 3.One jute bag costs ₹56 to make and Meera sells it for ₹70. What is the markup in percent?
  4. 4.One clay diya costs ₹56 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One handmade card costs ₹52 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  7. 7.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  8. 8.One friendship band costs ₹22 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One painted pebble costs ₹52 to make and Joseph sells it for ₹104. What is the markup in percent?
  10. 10.One paper bookmark costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  11. 11.One cupcake costs ₹24 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹55 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹40 to make and Tara sells it for ₹48. What is the markup in percent?
  15. 15.One jute bag costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹30 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  19. 19.One glass of chai costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹12 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹32 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  23. 23.One potted plant costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹46 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  26. 26.One glass of chai costs ₹59 to make and Saanvi sells it for ₹118. What is the markup in percent?
  27. 27.One glass of chai costs ₹35 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹28 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  30. 30.One cupcake costs ₹18 to make and Meera sells it for ₹27. What is the markup in percent?
  31. 31.One potted plant costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹25 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹28 to make and Aarav sells it for ₹35. What is the markup in percent?
  34. 34.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  35. 35.One clay diya costs ₹36 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹32 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹60 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹25 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹12 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 20
  3. 25
  4. 84
  5. 65
  6. 10 rupees
  7. a loss
  8. 22
  9. 100
  10. 10
  11. 36
  12. 20
  13. 66
  14. 20
  15. 1
  16. 55
  17. 33
  18. 10
  19. 6
  20. 15
  21. 8
  22. 10
  23. 6
  24. 23
  25. 10
  26. 100
  27. 7
  28. 7
  29. 20
  30. 50
  31. 3
  32. 30
  33. 25
  34. what buyers will pay
  35. 45
  36. 6
  37. 48
  38. 120
  39. 30
  40. 6

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