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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 779 · 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) cost + a markup (c) guess any price (d) copy a rival
  2. 2.One cup of lemonade costs ₹18 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One painted pebble costs ₹60 to make and Farhan sells it for ₹75. What is the markup in percent?
  4. 4.One glass of chai costs ₹32 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs ₹24 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  7. 7.One fruit cup costs ₹24 to make and Dev sells it for ₹30. What is the markup in percent?
  8. 8.One fruit cup costs ₹44 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  10. 10.One handmade card costs ₹60 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹45 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹32 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  14. 14.One potted plant costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹52 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  17. 17.One handmade card costs ₹20 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹28 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹59 to make and Zoya sells it for ₹118. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹45 to make and Dev sells it for ₹54. What is the markup in percent?
  21. 21.One jute bag costs ₹24 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  23. 23.One clay diya costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  24. 24.One potted plant costs ₹60 to make and Arjun sells it for ₹75. What is the markup in percent?
  25. 25.One potted plant costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹20 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹49 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹44 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹15 to make and Farhan sells it for ₹30. What is the markup in percent?
  31. 31.One glass of chai costs ₹16 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹14 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹15 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  35. 35.One friendship band costs ₹42 to make and Vihaan sells it for ₹63. What is the markup in percent?
  36. 36.One glass of chai costs ₹20 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹28 to make and Riya sells it for ₹42. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 36
  3. 25
  4. 8
  5. 6
  6. a loss
  7. 25
  8. 25
  9. 10
  10. 75
  11. 45
  12. 48
  13. 10
  14. 11
  15. 13
  16. what buyers will pay
  17. 30
  18. 56
  19. 100
  20. 20
  21. 30
  22. 10 rupees
  23. 10
  24. 25
  25. 55
  26. 30
  27. 5
  28. 49
  29. 66
  30. 100
  31. 4
  32. 28
  33. 3
  34. 20
  35. 50
  36. 24
  37. 44
  38. 50
  39. 25
  40. 20

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