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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 763 · 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.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  3. 3.One potted plant costs ₹24 to make and Joseph sells it for ₹30. What is the markup in percent?
  4. 4.One clay diya costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  6. 6.One painted pebble costs ₹42 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹50 to make and Rohan sells it for ₹75. What is the markup in percent?
  9. 9.One cupcake costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  11. 11.One paper bookmark costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  12. 12.One cupcake costs ₹40 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹14 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹52 to make and Kavya sells it for ₹104. What is the markup in percent?
  15. 15.One friendship band costs ₹16 to make and Zoya sells it for ₹24. What is the markup in percent?
  16. 16.One fruit cup costs ₹44 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹50 to make and Joseph sells it for ₹60. What is the markup in percent?
  18. 18.One cupcake costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  20. 20.One fruit cup costs ₹48 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  22. 22.One handmade card costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹34 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹44 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹52 to make and Joseph sells it for ₹65. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹25 to make and Vihaan sells it for ₹30. What is the markup in percent?
  28. 28.One potted plant costs ₹18 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹31 to make and Kavya sells it for ₹62. What is the markup in percent?
  30. 30.One glass of chai costs ₹24 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  32. 32.One cupcake costs ₹50 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹50 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹30 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  36. 36.One friendship band costs ₹50 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹44 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹55 to make and Vihaan sells it for ₹66. What is the markup in percent?
  40. 40.One painted pebble costs ₹15 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. cost + a markup
  3. 25
  4. 3
  5. a loss
  6. 21
  7. 48
  8. 50
  9. 54
  10. 10
  11. 10
  12. 20
  13. 28
  14. 100
  15. 50
  16. 11
  17. 20
  18. 66
  19. 10
  20. 72
  21. 10 rupees
  22. 22
  23. 17
  24. 55
  25. 40
  26. 25
  27. 20
  28. 9
  29. 100
  30. 12
  31. 10
  32. 100
  33. 60
  34. 33
  35. 10
  36. 10
  37. 66
  38. 22
  39. 20
  40. 15

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