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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 511 · 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.

NameDateTime takenScore ___ / 40
  1. 1.One fruit cup costs ₹38 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹25 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  4. 4.One glass of chai costs ₹44 to make and Gurpreet sells it for ₹88. What is the markup in percent?
  5. 5.One cupcake costs ₹40 to make and Saanvi sells it for ₹80. What is the markup in percent?
  6. 6.One jute bag costs ₹27 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One bag of popcorn costs ₹22 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  8. 8.One glass of chai costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  11. 11.One paper bookmark costs ₹21 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹15 to make and Aarav sells it for ₹18. What is the markup in percent?
  14. 14.One friendship band costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹60 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹38 to make and Ananya sells it for ₹76. What is the markup in percent?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  18. 18.One cupcake costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹18 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹24 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹15 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹60 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹26 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  28. 28.One handmade card costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  29. 29.One glass of chai costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  30. 30.One cupcake costs ₹32 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  32. 32.One cup of lemonade costs ₹50 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹60 to make and Riya sells it for ₹72. What is the markup in percent?
  34. 34.One cupcake costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹23 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹23 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹43 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  38. 38.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  39. 39.One glass of chai costs ₹20 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 76
  2. 25
  3. what buyers will pay
  4. 100
  5. 100
  6. 27
  7. 50
  8. 55
  9. 10
  10. 20
  11. 21
  12. 3
  13. 20
  14. 2
  15. 90
  16. 100
  17. 10 rupees
  18. 15
  19. 35
  20. 6
  21. 9
  22. 4
  23. 6
  24. 3
  25. 90
  26. 13
  27. cost + a markup
  28. 10
  29. 10
  30. 48
  31. 10
  32. 60
  33. 20
  34. 24
  35. 23
  36. 23
  37. 86
  38. a loss
  39. 2
  40. 48

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