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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 186 · 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) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  2. 2.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  3. 3.One cup of lemonade costs ₹40 to make and Zoya sells it for ₹60. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  5. 5.One handmade card costs ₹60 to make and Meera sells it for ₹75. What is the markup in percent?
  6. 6.One friendship band costs ₹16 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹40 to make and Dev sells it for ₹50. What is the markup in percent?
  8. 8.One jute bag costs ₹44 to make and Vihaan sells it for ₹66. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹15 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹10 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹12 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹36 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  18. 18.One paper bookmark costs ₹20 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹18 to make and Meera sells it for ₹36. What is the markup in percent?
  20. 20.One cupcake costs ₹60 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One painted pebble costs ₹56 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹34 to make and Farhan sells it for ₹51. What is the markup in percent?
  24. 24.One potted plant costs ₹20 to make and Joseph sells it for ₹25. What is the markup in percent?
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  26. 26.One glass of chai costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹28 to make and Aarav sells it for ₹42. What is the markup in percent?
  28. 28.One painted pebble costs ₹60 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹60 to make and Vihaan sells it for ₹75. What is the markup in percent?
  30. 30.One glass of chai costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹40 to make and Kabir sells it for ₹80. What is the markup in percent?
  32. 32.One painted pebble costs ₹10 to make and Nisha sells it for ₹11. What is the markup in percent?
  33. 33.One fruit cup costs ₹16 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹60 to make and Lakshmi sells it for ₹72. What is the markup in percent?
  35. 35.One fruit cup costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹32 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹20 to make and Nisha sells it for ₹25. What is the markup in percent?
  39. 39.One fruit cup costs ₹56 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹48 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. a loss
  3. 50
  4. 10
  5. 25
  6. 8
  7. 25
  8. 50
  9. 10
  10. 4
  11. 15
  12. 5
  13. 55
  14. 50
  15. 12
  16. 54
  17. what buyers will pay
  18. 25
  19. 100
  20. 72
  21. 28
  22. 44
  23. 50
  24. 25
  25. 10 rupees
  26. 11
  27. 50
  28. 90
  29. 25
  30. 20
  31. 100
  32. 10
  33. 8
  34. 20
  35. 25
  36. 44
  37. 16
  38. 25
  39. 56
  40. 12

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