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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 749 · 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 ₹40 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  3. 3.One painted pebble costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹58 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹19 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  8. 8.One handmade card costs ₹15 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹36 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹28 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹20 to make and Kabir sells it for ₹24. What is the markup in percent?
  14. 14.One jute bag costs ₹24 to make and Ananya sells it for ₹30. What is the markup in percent?
  15. 15.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  16. 16.One cup of lemonade costs ₹17 to make and Gurpreet sells it for ₹34. What is the markup in percent?
  17. 17.One painted pebble costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹50 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  20. 20.One jute bag costs ₹60 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹60 to make and Diya sells it for ₹120. What is the markup in percent?
  23. 23.One painted pebble costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹56 to make and Dev sells it for ₹84. What is the markup in percent?
  26. 26.One potted plant costs ₹18 to make and Joseph sells it for ₹27. What is the markup in percent?
  27. 27.One glass of chai costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One jute bag costs ₹56 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹14 to make and Ishaan sells it for ₹21. What is the markup in percent?
  30. 30.One cupcake costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  31. 31.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  32. 32.One clay diya costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  33. 33.One paper bookmark costs ₹22 to make and Gurpreet sells it for ₹44. What is the markup in percent?
  34. 34.One glass of chai costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹10 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹56 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹12 to make and Arjun sells it for ₹18. What is the markup in percent?
  39. 39.One painted pebble costs ₹28 to make and Diya sells it for ₹56. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹45 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 60
  2. a loss
  3. 12
  4. 18
  5. 58
  6. 19
  7. 10 rupees
  8. 3
  9. 45
  10. 7
  11. 3
  12. 50
  13. 20
  14. 25
  15. cost + a markup
  16. 100
  17. 72
  18. 25
  19. 10
  20. 15
  21. 10
  22. 100
  23. 33
  24. 2
  25. 50
  26. 50
  27. 4
  28. 70
  29. 50
  30. 33
  31. what buyers will pay
  32. 20
  33. 100
  34. 5
  35. 12
  36. 24
  37. 112
  38. 50
  39. 100
  40. 54

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