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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 849 · 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 bag of popcorn costs ₹48 to make and Ishaan sells it for ₹72. What is the markup in percent?
  3. 3.One jute bag costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹26 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs ₹34 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One cupcake costs ₹16 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  11. 11.One handmade card costs ₹10 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹26 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  14. 14.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  15. 15.One cupcake costs ₹32 to make and Meera sells it for ₹48. What is the markup in percent?
  16. 16.One clay diya costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  18. 18.One cupcake costs ₹52 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹60 to make and Arjun sells it for ₹75. What is the markup in percent?
  20. 20.One friendship band costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹48 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  25. 25.One fruit cup costs ₹39 to make and Joseph sells it for ₹78. What is the markup in percent?
  26. 26.One friendship band costs ₹39 to make and Meera sells it for ₹78. What is the markup in percent?
  27. 27.One handmade card costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One clay diya costs ₹14 to make and Aarav sells it for ₹21. What is the markup in percent?
  29. 29.One paper bookmark costs ₹10 to make and Nisha sells it for ₹15. What is the markup in percent?
  30. 30.One paper bookmark costs ₹12 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹31 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  32. 32.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  33. 33.One jute bag costs ₹40 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹45 to make and Aarav sells it for ₹54. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. cost + a markup
  2. 50
  3. 20
  4. 3
  5. 13
  6. 3
  7. 34
  8. 8
  9. 44
  10. 20
  11. 15
  12. 26
  13. 10 rupees
  14. a loss
  15. 50
  16. 66
  17. 10
  18. 52
  19. 25
  20. 22
  21. 6
  22. 11
  23. 60
  24. 25
  25. 100
  26. 100
  27. 12
  28. 50
  29. 50
  30. 6
  31. 62
  32. what buyers will pay
  33. 4
  34. 20
  35. 55
  36. 5
  37. 24
  38. 4
  39. 2
  40. 24

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