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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 677 · 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) guess any price (c) copy a rival (d) cost + a markup
  2. 2.One cupcake costs ₹14 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹46 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One glass of chai costs ₹29 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  7. 7.One cupcake costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹32 to make and Dev sells it for ₹48. What is the markup in percent?
  9. 9.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  10. 10.One fruit cup costs ₹20 to make and Kabir sells it for ₹24. What is the markup in percent?
  11. 11.One painted pebble costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  12. 12.One potted plant costs ₹52 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹32 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹19 to make and Zoya sells it for ₹38. What is the markup in percent?
  15. 15.One handmade card costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹20 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹26 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  19. 19.One handmade card costs ₹38 to make and Riya sells it for ₹57. What is the markup in percent?
  20. 20.One glass of chai costs ₹54 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹55 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹32 to make and Gurpreet sells it for ₹48. What is the markup in percent?
  23. 23.One potted plant costs ₹56 to make and Meera sells it for ₹112. What is the markup in percent?
  24. 24.One paper bookmark costs ₹60 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹20 to make and Ishaan sells it for ₹24. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹36 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  30. 30.One handmade card costs ₹12 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹32 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹28 to make and Nisha sells it for ₹42. What is the markup in percent?
  34. 34.One fruit cup costs ₹44 to make and Kabir sells it for ₹88. What is the markup in percent?
  35. 35.One handmade card costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  37. 37.One painted pebble costs ₹56 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹60 to make and Gurpreet sells it for ₹75. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 7
  3. 46
  4. 58
  5. 10
  6. 10 rupees
  7. 25
  8. 50
  9. what buyers will pay
  10. 20
  11. 20
  12. 13
  13. 40
  14. 100
  15. 66
  16. 5
  17. 52
  18. a loss
  19. 50
  20. 108
  21. 11
  22. 50
  23. 100
  24. 12
  25. 20
  26. 12
  27. 45
  28. 10
  29. 10
  30. 3
  31. 22
  32. 32
  33. 50
  34. 100
  35. 5
  36. 20
  37. 14
  38. 55
  39. 60
  40. 25

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