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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 883 · 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.One glass of chai costs ₹36 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  3. 3.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  4. 4.One paper bookmark costs ₹55 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹55 to make and Tara sells it for ₹66. What is the markup in percent?
  6. 6.One painted pebble costs ₹12 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹14 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹52 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹26 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹50 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹10 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One painted pebble costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  13. 13.One handmade card costs ₹28 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹24 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  16. 16.One cupcake costs ₹27 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  18. 18.One paper bookmark costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  19. 19.One paper bookmark costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹12 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  21. 21.One friendship band costs ₹18 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹20 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹30 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹20 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹54 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  32. 32.One paper bookmark costs ₹30 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹56 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹28 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  37. 37.One friendship band costs ₹40 to make and Joseph sells it for ₹60. What is the markup in percent?
  38. 38.One handmade card costs ₹15 to make and Aarav sells it for ₹18. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹20 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹12 to make and Riya sells it for ₹15. What is the markup in percent?

Answer key

  1. 18
  2. cost + a markup
  3. what buyers will pay
  4. 11
  5. 20
  6. 3
  7. 7
  8. 78
  9. 39
  10. 10
  11. 12
  12. 10
  13. 35
  14. 48
  15. 10 rupees
  16. 27
  17. a loss
  18. 20
  19. 1
  20. 100
  21. 36
  22. 20
  23. 6
  24. 2
  25. 5
  26. 66
  27. 1
  28. 24
  29. 22
  30. 81
  31. 25
  32. 45
  33. 84
  34. 14
  35. 2
  36. 10
  37. 50
  38. 20
  39. 30
  40. 25

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