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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 854 · 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 ₹60 to make and Meera sells it for ₹75. What is the markup in percent?
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  3. 3.One clay diya costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹35 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹20 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  7. 7.One paper bookmark costs ₹45 to make and Rohan sells it for ₹54. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  9. 9.One paper bookmark costs ₹30 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹56 to make and Vihaan sells it for ₹70. What is the markup in percent?
  13. 13.One glass of chai costs ₹15 to make and Meera sells it for ₹18. What is the markup in percent?
  14. 14.One glass of chai costs ₹35 to make and Gurpreet sells it for ₹70. What is the markup in percent?
  15. 15.One handmade card costs ₹60 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹48 to make and Saanvi sells it for ₹60. What is the markup in percent?
  17. 17.One cupcake costs ₹18 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  19. 19.One potted plant costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹44 to make and Arjun sells it for ₹66. What is the markup in percent?
  21. 21.One potted plant costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  22. 22.One painted pebble costs ₹55 to make and Meera sells it for ₹66. What is the markup in percent?
  23. 23.One jute bag costs ₹15 to make and Kavya sells it for ₹18. What is the markup in percent?
  24. 24.One handmade card costs ₹20 to make and Ishaan sells it for ₹22. What is the markup in percent?
  25. 25.One cupcake costs ₹40 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹52 to make and Gurpreet sells it for ₹65. What is the markup in percent?
  27. 27.One handmade card costs ₹60 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹10 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹14 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹26 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹42 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹53 to make and Aarav sells it for ₹106. What is the markup in percent?
  33. 33.One cupcake costs ₹60 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  35. 35.One friendship band costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹54 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹54 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹20 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹30 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 25
  2. what buyers will pay
  3. 1
  4. 7
  5. 10
  6. 10 rupees
  7. 20
  8. a loss
  9. 36
  10. 2
  11. 10
  12. 25
  13. 20
  14. 100
  15. 60
  16. 25
  17. 9
  18. cost + a markup
  19. 44
  20. 50
  21. 10
  22. 20
  23. 20
  24. 10
  25. 80
  26. 25
  27. 72
  28. 5
  29. 21
  30. 13
  31. 21
  32. 100
  33. 15
  34. 10
  35. 18
  36. 81
  37. 5
  38. 81
  39. 24
  40. 33

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