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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 681 · 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 ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹13 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹15 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹32 to make and Aarav sells it for ₹40. What is the markup in percent?
  6. 6.One glass of chai costs ₹25 to make and Joseph sells it for ₹50. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  8. 8.One fruit cup costs ₹11 to make and Meera sells it for ₹22. What is the markup in percent?
  9. 9.One jute bag costs ₹26 to make and Diya sells it for ₹39. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  11. 11.One bag of popcorn costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One cup of lemonade costs ₹16 to make and Saanvi sells it for ₹24. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹12 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹45 to make and Gurpreet sells it for ₹54. What is the markup in percent?
  15. 15.One glass of chai costs ₹25 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹30 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹50 to make and Kavya sells it for ₹100. What is the markup in percent?
  18. 18.One clay diya costs ₹24 to make and Meera sells it for ₹36. What is the markup in percent?
  19. 19.One fruit cup costs ₹46 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹18 to make and Saanvi sells it for ₹27. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹18 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  23. 23.One handmade card costs ₹29 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹55 to make and Dev sells it for ₹66. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹60 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹25 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  28. 28.One fruit cup costs ₹20 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹34 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  30. 30.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  31. 31.One friendship band costs ₹28 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One potted plant costs ₹56 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs ₹16 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹58 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹35 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹24 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹60 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 1
  2. 26
  3. 3
  4. 6
  5. 25
  6. 100
  7. what buyers will pay
  8. 100
  9. 50
  10. cost + a markup
  11. 2
  12. 50
  13. 24
  14. 20
  15. 30
  16. 36
  17. 100
  18. 50
  19. 69
  20. 50
  21. 27
  22. 10 rupees
  23. 29
  24. 20
  25. 15
  26. 5
  27. 20
  28. 5
  29. 68
  30. a loss
  31. 7
  32. 28
  33. 16
  34. 116
  35. 22
  36. 42
  37. 11
  38. 36
  39. 6
  40. 44

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