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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 990 · 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 handmade card costs ₹56 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  4. 4.One friendship band costs ₹48 to make and Diya sells it for ₹72. What is the markup in percent?
  5. 5.One handmade card costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹40 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  8. 8.One cup of lemonade costs ₹23 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  10. 10.One friendship band costs ₹12 to make and Arjun sells it for ₹15. What is the markup in percent?
  11. 11.One paper bookmark costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹42 to make and Vihaan sells it for ₹63. What is the markup in percent?
  13. 13.One glass of chai costs ₹16 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹36 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  16. 16.One clay diya costs ₹45 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹13 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹36 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹10 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹38 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹60 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹28 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹60 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹50 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹21 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs ₹20 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹51 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹44 to make and Tara sells it for ₹55. What is the markup in percent?
  34. 34.One cupcake costs ₹59 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹50 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹34 to make and Rohan sells it for ₹68. What is the markup in percent?
  37. 37.One paper bookmark costs ₹36 to make and Kabir sells it for ₹72. What is the markup in percent?
  38. 38.One painted pebble costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹15 to make and Ananya sells it for ₹18. What is the markup in percent?
  40. 40.One painted pebble costs ₹36 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 14
  3. a loss
  4. 50
  5. 20
  6. 48
  7. what buyers will pay
  8. 46
  9. 10 rupees
  10. 25
  11. 10
  12. 50
  13. 20
  14. 66
  15. 100
  16. 54
  17. 13
  18. 54
  19. 10
  20. 22
  21. 38
  22. 60
  23. 35
  24. 2
  25. 22
  26. 55
  27. 90
  28. 10
  29. 21
  30. 6
  31. 30
  32. 102
  33. 25
  34. 59
  35. 25
  36. 100
  37. 100
  38. 66
  39. 20
  40. 9

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