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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 947 · 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 friendship band costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹48 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  4. 4.One handmade card costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  5. 5.One clay diya costs ₹51 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One jute bag costs ₹56 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  8. 8.One friendship band costs ₹24 to make and Meera sells it for ₹30. What is the markup in percent?
  9. 9.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  10. 10.One painted pebble costs ₹50 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹50 to make and Meera sells it for ₹75. What is the markup in percent?
  12. 12.One cup of lemonade costs ₹52 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹59 to make and Kavya sells it for ₹118. What is the markup in percent?
  14. 14.One painted pebble costs ₹10 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  15. 15.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  16. 16.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  17. 17.One painted pebble costs ₹12 to make and Lakshmi sells it for ₹15. What is the markup in percent?
  18. 18.One jute bag costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹14 to make and Rohan sells it for ₹28. What is the markup in percent?
  20. 20.One friendship band costs ₹42 to make and Diya sells it for ₹63. What is the markup in percent?
  21. 21.One handmade card costs ₹36 to make and Aarav sells it for ₹45. What is the markup in percent?
  22. 22.One paper bookmark costs ₹48 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹56 to make and Diya sells it for ₹70. What is the markup in percent?
  24. 24.One fruit cup costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹42 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹17 to make and Kabir sells it for ₹34. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹40 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹40 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹36 to make and Meera sells it for ₹45. What is the markup in percent?
  31. 31.One jute bag costs ₹17 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One potted plant costs ₹10 to make and Rohan sells it for ₹11. What is the markup in percent?
  33. 33.One jute bag costs ₹30 to make and Farhan sells it for ₹45. What is the markup in percent?
  34. 34.One friendship band costs ₹14 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹20 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹20 to make and Vihaan sells it for ₹25. What is the markup in percent?
  37. 37.One glass of chai costs ₹16 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹54 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹31 to make and Joseph sells it for ₹62. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹10 to make and Nisha sells it for ₹12. What is the markup in percent?

Answer key

  1. 1
  2. 48
  3. 10 rupees
  4. 10
  5. 102
  6. 70
  7. 10
  8. 25
  9. cost + a markup
  10. 50
  11. 50
  12. 104
  13. 100
  14. 12
  15. what buyers will pay
  16. a loss
  17. 25
  18. 55
  19. 100
  20. 50
  21. 25
  22. 12
  23. 25
  24. 22
  25. 63
  26. 10
  27. 100
  28. 8
  29. 10
  30. 25
  31. 17
  32. 10
  33. 50
  34. 7
  35. 24
  36. 25
  37. 16
  38. 108
  39. 100
  40. 20

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