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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 521 · 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) copy a rival (c) guess any price (d) cost − a markup
  2. 2.One glass of chai costs ₹54 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  4. 4.One glass of chai costs ₹50 to make and Aarav sells it for ₹60. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹11 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  7. 7.One jute bag costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  8. 8.One painted pebble costs ₹14 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹50 to make and Dev sells it for ₹100. What is the markup in percent?
  10. 10.One clay diya costs ₹12 to make and Ishaan sells it for ₹15. What is the markup in percent?
  11. 11.One paper bookmark costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  13. 13.One glass of chai costs ₹60 to make and Gurpreet sells it for ₹75. What is the markup in percent?
  14. 14.One potted plant costs ₹40 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹15 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  17. 17.One jute bag costs ₹24 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs ₹55 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹44 to make and Nisha sells it for ₹66. What is the markup in percent?
  20. 20.One glass of chai costs ₹46 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹54 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹50 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One jute bag costs ₹50 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹60 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹10 to make and Kavya sells it for ₹12. What is the markup in percent?
  27. 27.One fruit cup costs ₹24 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹48 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹54 to make and Arjun sells it for ₹81. What is the markup in percent?
  32. 32.One potted plant costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹17 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹51 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  36. 36.One fruit cup costs ₹35 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹20 to make and Kabir sells it for ₹25. What is the markup in percent?
  38. 38.One clay diya costs ₹24 to make and Farhan sells it for ₹30. What is the markup in percent?
  39. 39.One paper bookmark costs ₹36 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹36 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. cost + a markup
  2. 81
  3. 10
  4. 20
  5. 100
  6. 10 rupees
  7. 20
  8. 7
  9. 100
  10. 25
  11. 54
  12. what buyers will pay
  13. 25
  14. 20
  15. 3
  16. 20
  17. 24
  18. 66
  19. 50
  20. 69
  21. 27
  22. 55
  23. 25
  24. 15
  25. 11
  26. 20
  27. 30
  28. 24
  29. 60
  30. 33
  31. 50
  32. 10
  33. 34
  34. 51
  35. a loss
  36. 70
  37. 25
  38. 25
  39. 9
  40. 9

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