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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 536 · 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.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  2. 2.One cupcake costs ₹18 to make and Kavya sells it for ₹27. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  5. 5.One bag of popcorn costs ₹48 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹26 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  8. 8.One painted pebble costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One painted pebble costs ₹25 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹45 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹60 to make and Dev sells it for ₹72. What is the markup in percent?
  12. 12.One paper bookmark costs ₹20 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  14. 14.One cup of lemonade costs ₹44 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹21 to make and Dev sells it for ₹42. What is the markup in percent?
  16. 16.One cupcake costs ₹56 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹60 to make and Saanvi sells it for ₹90. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹34 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹24 to make and Riya sells it for ₹30. What is the markup in percent?
  20. 20.One clay diya costs ₹40 to make and Ananya sells it for ₹48. What is the markup in percent?
  21. 21.One jute bag costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹60 to make and Lakshmi sells it for ₹90. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹59 to make and Zoya sells it for ₹118. What is the markup in percent?
  25. 25.One friendship band costs ₹52 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹52 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹40 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹40 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  31. 31.One handmade card costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹55 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹50 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹15 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹30 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹15 to make and Arjun sells it for ₹18. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 50
  3. 18
  4. cost + a markup
  5. 48
  6. 52
  7. 10
  8. 35
  9. 5
  10. 54
  11. 20
  12. 4
  13. 10 rupees
  14. 11
  15. 100
  16. 14
  17. 50
  18. 51
  19. 25
  20. 20
  21. 22
  22. 2
  23. 50
  24. 100
  25. 65
  26. 52
  27. 2
  28. 48
  29. 40
  30. a loss
  31. 30
  32. 55
  33. 25
  34. 4
  35. 18
  36. 15
  37. 60
  38. 55
  39. 20
  40. 6

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