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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 684 · 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 painted pebble costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  4. 4.One handmade card costs ₹60 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹12 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹20 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹25 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  10. 10.One friendship band costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹56 to make and Diya sells it for ₹84. What is the markup in percent?
  12. 12.One handmade card costs ₹12 to make and Zoya sells it for ₹24. What is the markup in percent?
  13. 13.One painted pebble costs ₹28 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹55 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹46 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹52 to make and Ishaan sells it for ₹65. What is the markup in percent?
  17. 17.One jute bag costs ₹49 to make and Gurpreet sells it for ₹98. What is the markup in percent?
  18. 18.One paper bookmark costs ₹20 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹22 to make and Zoya sells it for ₹44. What is the markup in percent?
  20. 20.One jute bag costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹25 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  23. 23.One friendship band costs ₹26 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹37 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹60 to make and Lakshmi sells it for ₹72. What is the markup in percent?
  26. 26.One jute bag costs ₹12 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹16 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹32 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹30 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹32 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹30 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹46 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹40 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One paper bookmark costs ₹48 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹30 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹16 to make and Saanvi sells it for ₹20. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹60 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 10
  3. a loss
  4. 75
  5. 24
  6. 30
  7. 30
  8. what buyers will pay
  9. 10 rupees
  10. 72
  11. 50
  12. 100
  13. 35
  14. 11
  15. 69
  16. 25
  17. 100
  18. 5
  19. 100
  20. 4
  21. 30
  22. 10
  23. 39
  24. 37
  25. 20
  26. 15
  27. 2
  28. 24
  29. 8
  30. 36
  31. 8
  32. 6
  33. 23
  34. 44
  35. 12
  36. 36
  37. 1
  38. 25
  39. 30
  40. 10

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