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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 813 · 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) guess any price (c) copy a rival (d) cost − a markup
  2. 2.One cup of lemonade costs ₹44 to make and Diya sells it for ₹55. What is the markup in percent?
  3. 3.One clay diya costs ₹51 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.One jute bag costs ₹20 to make and Arjun sells it for ₹30. What is the markup in percent?
  5. 5.One handmade card costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  7. 7.One glass of chai costs ₹42 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹57 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹50 to make and Arjun sells it for ₹60. What is the markup in percent?
  11. 11.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  12. 12.One paper bookmark costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹32 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  15. 15.One handmade card costs ₹52 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹45 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹48 to make and Ananya sells it for ₹60. What is the markup in percent?
  18. 18.One fruit cup costs ₹45 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹43 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹20 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  23. 23.One friendship band costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  25. 25.One clay diya costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  26. 26.One painted pebble costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹42 to make and Saanvi sells it for ₹63. What is the markup in percent?
  29. 29.One glass of chai costs ₹32 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹13 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹16 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹35 to make and Kavya sells it for ₹42. What is the markup in percent?
  33. 33.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  34. 34.One cup of lemonade costs ₹16 to make and Dev sells it for ₹20. What is the markup in percent?
  35. 35.One paper bookmark costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹44 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹26 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹52 to make and Dev sells it for ₹65. What is the markup in percent?

Answer key

  1. cost + a markup
  2. 25
  3. 51
  4. 50
  5. 22
  6. 10
  7. 63
  8. 114
  9. 5
  10. 20
  11. a loss
  12. 18
  13. 40
  14. 10 rupees
  15. 65
  16. 54
  17. 25
  18. 54
  19. 86
  20. 4
  21. 3
  22. 20
  23. 11
  24. 10
  25. 10
  26. 44
  27. 66
  28. 50
  29. 40
  30. 26
  31. 24
  32. 20
  33. what buyers will pay
  34. 25
  35. 33
  36. 1
  37. 66
  38. 10
  39. 13
  40. 25

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