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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 856 · 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.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  2. 2.One cup of lemonade costs ₹20 to make and Saanvi sells it for ₹30. What is the markup in percent?
  3. 3.One fruit cup costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  5. 5.One potted plant costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹12 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One fruit cup costs ₹55 to make and Saanvi sells it for ₹110. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  10. 10.One fruit cup costs ₹30 to make and Dev sells it for ₹36. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹10 to make and Ishaan sells it for ₹12. What is the markup in percent?
  12. 12.One glass of chai costs ₹30 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹40 to make and Riya sells it for ₹48. What is the markup in percent?
  14. 14.One cupcake costs ₹13 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  16. 16.One painted pebble costs ₹55 to make and Meera sells it for ₹66. What is the markup in percent?
  17. 17.One handmade card costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  19. 19.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  20. 20.One cup of lemonade costs ₹53 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹38 to make and Aarav sells it for ₹57. What is the markup in percent?
  23. 23.One cupcake costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  24. 24.One cupcake costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  25. 25.One fruit cup costs ₹60 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs ₹42 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹36 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹48 to make and Joseph sells it for ₹60. What is the markup in percent?
  29. 29.One paper bookmark costs ₹10 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹37 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹49 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One painted pebble costs ₹56 to make and Saanvi sells it for ₹70. What is the markup in percent?
  34. 34.One painted pebble costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  36. 36.One fruit cup costs ₹58 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹44 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹52 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹20 to make and Diya sells it for ₹25. What is the markup in percent?

Answer key

  1. what buyers will pay
  2. 50
  3. 3
  4. cost + a markup
  5. 12
  6. 20
  7. 3
  8. 100
  9. 20
  10. 20
  11. 20
  12. 15
  13. 20
  14. 13
  15. 20
  16. 20
  17. 33
  18. 36
  19. 10 rupees
  20. 53
  21. 55
  22. 50
  23. 10
  24. 10
  25. 6
  26. 63
  27. 45
  28. 25
  29. 20
  30. 74
  31. 98
  32. 4
  33. 25
  34. 4
  35. a loss
  36. 29
  37. 22
  38. 22
  39. 52
  40. 25

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