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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 446 · 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 cup of lemonade costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  2. 2.One potted plant costs ₹60 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  4. 4.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  5. 5.One clay diya costs ₹40 to make and Lakshmi sells it for ₹48. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹35 to make and Meera sells it for ₹42. What is the markup in percent?
  7. 7.One glass of chai costs ₹36 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  10. 10.One fruit cup costs ₹15 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹10 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹60 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  13. 13.One potted plant costs ₹15 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹25 to make and Ishaan sells it for ₹30. What is the markup in percent?
  15. 15.One friendship band costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  16. 16.One paper bookmark costs ₹49 to make and Riya sells it for ₹98. What is the markup in percent?
  17. 17.One friendship band costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹13 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹36 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  21. 21.One jute bag costs ₹15 to make and Saanvi sells it for ₹30. What is the markup in percent?
  22. 22.One jute bag costs ₹14 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹13 to make and Zoya sells it for ₹26. What is the markup in percent?
  24. 24.One cupcake costs ₹44 to make and Rohan sells it for ₹55. What is the markup in percent?
  25. 25.One clay diya costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹10 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹36 to make and Meera sells it for ₹45. What is the markup in percent?
  28. 28.One cupcake costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  29. 29.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  30. 30.One friendship band costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  33. 33.One clay diya costs ₹19 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹24 to make and Tara sells it for ₹36. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  36. 36.One cupcake costs ₹28 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹13 to make and Meera sells it for ₹26. What is the markup in percent?
  38. 38.One potted plant costs ₹51 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹34 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹25 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 12
  3. what buyers will pay
  4. cost + a markup
  5. 20
  6. 20
  7. 9
  8. 55
  9. 10
  10. 18
  11. 2
  12. 10
  13. 18
  14. 20
  15. 20
  16. 100
  17. 12
  18. 13
  19. 18
  20. 10
  21. 100
  22. 7
  23. 100
  24. 25
  25. 66
  26. 20
  27. 25
  28. 10
  29. a loss
  30. 48
  31. 24
  32. 10
  33. 38
  34. 50
  35. 10
  36. 7
  37. 100
  38. 102
  39. 51
  40. 5

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