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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 963 · 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 friendship band costs ₹52 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  3. 3.One cupcake costs ₹50 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One cupcake costs ₹32 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹16 to make and Ishaan sells it for ₹32. What is the markup in percent?
  6. 6.One friendship band costs ₹37 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹26 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One glass of chai costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹22 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  13. 13.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  14. 14.One paper bookmark costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹22 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One fruit cup costs ₹30 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹60 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹39 to make and Riya sells it for ₹78. What is the markup in percent?
  21. 21.One friendship band costs ₹24 to make and Riya sells it for ₹36. What is the markup in percent?
  22. 22.One paper bookmark costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹47 to make and Zoya sells it for ₹94. What is the markup in percent?
  24. 24.One painted pebble costs ₹44 to make and Ishaan sells it for ₹55. What is the markup in percent?
  25. 25.One paper bookmark costs ₹10 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹13 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹60 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One clay diya costs ₹25 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹12 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹50 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹40 to make and Riya sells it for ₹50. What is the markup in percent?
  32. 32.One cupcake costs ₹29 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹30 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹44 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹21 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹44 to make and Arjun sells it for ₹66. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹35 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?

Answer key

  1. 26
  2. a loss
  3. 60
  4. 8
  5. 100
  6. 74
  7. 26
  8. 55
  9. 66
  10. 44
  11. 33
  12. cost + a markup
  13. what buyers will pay
  14. 8
  15. 11
  16. 6
  17. 35
  18. 75
  19. 11
  20. 100
  21. 50
  22. 42
  23. 100
  24. 25
  25. 5
  26. 13
  27. 90
  28. 50
  29. 3
  30. 75
  31. 25
  32. 58
  33. 15
  34. 66
  35. 11
  36. 21
  37. 50
  38. 70
  39. 1
  40. 10

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