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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 97 · 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 painted pebble costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One cupcake costs ₹45 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  4. 4.One clay diya costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹12 to make and Meera sells it for ₹15. What is the markup in percent?
  6. 6.One potted plant costs ₹30 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹58 to make and Zoya sells it for ₹87. What is the markup in percent?
  8. 8.One bag of popcorn costs ₹20 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹55 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹32 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹50 to make and Tara sells it for ₹60. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  14. 14.One potted plant costs ₹60 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹30 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹52 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹40 to make and Rohan sells it for ₹48. What is the markup in percent?
  18. 18.One fruit cup costs ₹15 to make and Kavya sells it for ₹18. What is the markup in percent?
  19. 19.One fruit cup costs ₹50 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹56 to make and Joseph sells it for ₹84. What is the markup in percent?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  22. 22.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  23. 23.One paper bookmark costs ₹60 to make and Riya sells it for ₹66. What is the markup in percent?
  24. 24.One jute bag costs ₹18 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹40 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One potted plant costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹48 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  30. 30.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  31. 31.One jute bag costs ₹45 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹50 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹42 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹52 to make and Joseph sells it for ₹65. What is the markup in percent?
  37. 37.One paper bookmark costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  38. 38.One cupcake costs ₹44 to make and Vihaan sells it for ₹55. What is the markup in percent?
  39. 39.One cupcake costs ₹44 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹20 to make and Saanvi sells it for ₹25. What is the markup in percent?

Answer key

  1. 55
  2. 90
  3. what buyers will pay
  4. 33
  5. 25
  6. 6
  7. 50
  8. 24
  9. 55
  10. 1
  11. 32
  12. 20
  13. 20
  14. 12
  15. 45
  16. 78
  17. 20
  18. 20
  19. 60
  20. 50
  21. 10 rupees
  22. a loss
  23. 10
  24. 18
  25. 48
  26. 66
  27. 45
  28. 96
  29. 66
  30. cost + a markup
  31. 54
  32. 44
  33. 3
  34. 10
  35. 21
  36. 25
  37. 10
  38. 25
  39. 22
  40. 25

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