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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 991 · 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 painted pebble costs ₹25 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹55 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹10 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  7. 7.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  8. 8.One friendship band costs ₹58 to make and Tara sells it for ₹87. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹28 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹50 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹50 to make and Rohan sells it for ₹60. What is the markup in percent?
  13. 13.One cupcake costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  16. 16.One friendship band costs ₹35 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹35 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹40 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹15 to make and Joseph sells it for ₹18. What is the markup in percent?
  20. 20.One fruit cup costs ₹12 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹56 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  23. 23.One cupcake costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹52 to make and Lakshmi sells it for ₹104. What is the markup in percent?
  26. 26.One potted plant costs ₹35 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹17 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹28 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹52 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹31 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹10 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹50 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  35. 35.One glass of chai costs ₹25 to make and Saanvi sells it for ₹50. What is the markup in percent?
  36. 36.One cupcake costs ₹38 to make and Saanvi sells it for ₹57. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹23 to make and Lakshmi sells it for ₹46. What is the markup in percent?
  40. 40.One handmade card costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 30
  3. 11
  4. 12
  5. what buyers will pay
  6. 10 rupees
  7. a loss
  8. 50
  9. 42
  10. 75
  11. 22
  12. 20
  13. 66
  14. 10
  15. 20
  16. 42
  17. 42
  18. 8
  19. 20
  20. 3
  21. 84
  22. 20
  23. 22
  24. 11
  25. 100
  26. 7
  27. 34
  28. 42
  29. 65
  30. 62
  31. 1
  32. 60
  33. 72
  34. 10
  35. 100
  36. 50
  37. 30
  38. 4
  39. 100
  40. 20

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