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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 794 · 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) copy a rival (c) cost + a markup (d) cost − a markup
  2. 2.One glass of chai costs ₹16 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹52 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One potted plant costs ₹48 to make and Aarav sells it for ₹60. What is the markup in percent?
  5. 5.One handmade card costs ₹20 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  7. 7.One cupcake costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹25 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One cupcake costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  10. 10.One painted pebble costs ₹54 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹40 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹18 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹15 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹57 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹42 to make and Arjun sells it for ₹63. What is the markup in percent?
  16. 16.One paper bookmark costs ₹15 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  18. 18.One glass of chai costs ₹26 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹60 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹52 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  21. 21.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  22. 22.One cup of lemonade costs ₹33 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹50 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹24 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹55 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹40 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹44 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹35 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹52 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹21 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  35. 35.One paper bookmark costs ₹18 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹40 to make and Dev sells it for ₹44. What is the markup in percent?
  37. 37.One clay diya costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  38. 38.One clay diya costs ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
  39. 39.One glass of chai costs ₹56 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹50 to make and Saanvi sells it for ₹60. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 24
  3. 26
  4. 25
  5. 4
  6. 10 rupees
  7. 10
  8. 5
  9. 10
  10. 27
  11. 10
  12. 27
  13. 3
  14. 57
  15. 50
  16. 15
  17. what buyers will pay
  18. 26
  19. 15
  20. 78
  21. a loss
  22. 66
  23. 11
  24. 3
  25. 60
  26. 6
  27. 11
  28. 50
  29. 11
  30. 35
  31. 12
  32. 78
  33. 21
  34. 10
  35. 27
  36. 10
  37. 10
  38. 10
  39. 70
  40. 20

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