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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 833 · 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) cost − a markup (d) copy a rival
  2. 2.One cupcake costs ₹54 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹48 to make and Ananya sells it for ₹72. What is the markup in percent?
  4. 4.One potted plant costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One handmade card costs ₹22 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹48 to make and Dev sells it for ₹60. What is the markup in percent?
  8. 8.One friendship band costs ₹32 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹60 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹44 to make and Riya sells it for ₹55. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹25 to make and Kavya sells it for ₹50. What is the markup in percent?
  12. 12.One glass of chai costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹20 to make and Diya sells it for ₹24. What is the markup in percent?
  14. 14.One painted pebble costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  15. 15.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  16. 16.One glass of chai costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  17. 17.One bag of popcorn costs ₹44 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹24 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One cupcake costs ₹56 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹26 to make and Zoya sells it for ₹39. What is the markup in percent?
  21. 21.One cupcake costs ₹24 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹45 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹20 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹25 to make and Meera sells it for ₹30. What is the markup in percent?
  26. 26.One paper bookmark costs ₹15 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One friendship band costs ₹16 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹18 to make and Rohan sells it for ₹27. What is the markup in percent?
  29. 29.One cupcake costs ₹38 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹25 to make and Ananya sells it for ₹50. What is the markup in percent?
  31. 31.One glass of chai costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹46 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹34 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  36. 36.One cup of lemonade costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹46 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹48 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  40. 40.One fruit cup costs ₹44 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 108
  3. 50
  4. 3
  5. 33
  6. 48
  7. 25
  8. 8
  9. 75
  10. 25
  11. 100
  12. 4
  13. 20
  14. 22
  15. what buyers will pay
  16. 10
  17. 66
  18. 30
  19. 112
  20. 50
  21. 12
  22. 45
  23. 10
  24. 6
  25. 20
  26. 15
  27. 20
  28. 50
  29. 19
  30. 100
  31. 33
  32. 69
  33. 34
  34. a loss
  35. 10 rupees
  36. 18
  37. 69
  38. 12
  39. 10
  40. 11

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