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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 455 · 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 glass of chai costs ₹15 to make and Gurpreet sells it for ₹18. What is the markup in percent?
  2. 2.One fruit cup costs ₹16 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  5. 5.One jute bag costs ₹45 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹34 to make and Rohan sells it for ₹51. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹20 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One clay diya costs ₹16 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹27 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  13. 13.One cup of lemonade costs ₹20 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹14 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹27 to make and Arjun sells it for ₹54. What is the markup in percent?
  16. 16.One jute bag costs ₹60 to make and Kavya sells it for ₹72. What is the markup in percent?
  17. 17.One clay diya costs ₹50 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  19. 19.One paper bookmark costs ₹48 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  20. 20.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  21. 21.One fruit cup costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹52 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One painted pebble costs ₹47 to make and Arjun sells it for ₹94. What is the markup in percent?
  25. 25.One handmade card costs ₹48 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹50 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹16 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹31 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹42 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹32 to make and Dev sells it for ₹48. What is the markup in percent?
  33. 33.One painted pebble costs ₹56 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹51 to make and Saanvi sells it for ₹102. What is the markup in percent?
  35. 35.One clay diya costs ₹19 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹45 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹20 to make and Arjun sells it for ₹24. What is the markup in percent?
  39. 39.One glass of chai costs ₹60 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹36 to make and Dev sells it for ₹45. What is the markup in percent?

Answer key

  1. 20
  2. 20
  3. cost + a markup
  4. what buyers will pay
  5. 9
  6. 50
  7. 2
  8. 4
  9. 4
  10. 11
  11. 27
  12. a loss
  13. 20
  14. 21
  15. 100
  16. 20
  17. 75
  18. 20
  19. 60
  20. 10 rupees
  21. 66
  22. 65
  23. 66
  24. 100
  25. 12
  26. 3
  27. 10
  28. 20
  29. 66
  30. 62
  31. 63
  32. 50
  33. 84
  34. 100
  35. 38
  36. 25
  37. 54
  38. 20
  39. 12
  40. 25

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