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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 715 · 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) cost − a markup (c) copy a rival (d) cost + a markup
  2. 2.One paper bookmark costs ₹23 to make and Vihaan sells it for ₹46. What is the markup in percent?
  3. 3.One glass of chai costs ₹60 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹15 to make and Riya sells it for ₹18. What is the markup in percent?
  5. 5.One potted plant costs ₹28 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹24 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One cup of lemonade costs ₹45 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹16 to make and Diya sells it for ₹24. What is the markup in percent?
  12. 12.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  13. 13.One cupcake costs ₹12 to make and Rohan sells it for ₹18. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹38 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹16 to make and Kabir sells it for ₹24. What is the markup in percent?
  16. 16.One paper bookmark costs ₹35 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  18. 18.One cupcake costs ₹18 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹28 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  22. 22.One painted pebble costs ₹59 to make and Rohan sells it for ₹118. What is the markup in percent?
  23. 23.One friendship band costs ₹45 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  25. 25.One fruit cup costs ₹40 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹48 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹44 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  33. 33.One fruit cup costs ₹35 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹23 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹20 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  39. 39.One potted plant costs ₹45 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹54 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 100
  3. 72
  4. 20
  5. 7
  6. 30
  7. 10
  8. 3
  9. 18
  10. 90
  11. 50
  12. a loss
  13. 50
  14. 76
  15. 50
  16. 42
  17. 10 rupees
  18. 27
  19. 5
  20. 14
  21. what buyers will pay
  22. 100
  23. 54
  24. 10
  25. 10
  26. 12
  27. 22
  28. 11
  29. 33
  30. 75
  31. 3
  32. 10
  33. 42
  34. 46
  35. 45
  36. 30
  37. 11
  38. 10
  39. 9
  40. 54

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