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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 116 · 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 glass of chai costs ₹35 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One handmade card costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹18 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  5. 5.One bag of popcorn costs ₹36 to make and Zoya sells it for ₹45. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹54 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹12 to make and Vihaan sells it for ₹15. What is the markup in percent?
  8. 8.One painted pebble costs ₹22 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹41 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹40 to make and Ishaan sells it for ₹50. What is the markup in percent?
  13. 13.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  14. 14.One painted pebble costs ₹30 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  16. 16.One potted plant costs ₹20 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  18. 18.One fruit cup costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  19. 19.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  20. 20.One potted plant costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹14 to make and Nisha sells it for ₹21. What is the markup in percent?
  22. 22.One painted pebble costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  23. 23.One paper bookmark costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  24. 24.One glass of chai costs ₹12 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹37 to make and Gurpreet sells it for ₹74. What is the markup in percent?
  27. 27.One clay diya costs ₹55 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹16 to make and Dev sells it for ₹20. What is the markup in percent?
  29. 29.One paper bookmark costs ₹34 to make and Rohan sells it for ₹51. What is the markup in percent?
  30. 30.One clay diya costs ₹10 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹10 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  34. 34.One friendship band costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹20 to make and Riya sells it for ₹25. What is the markup in percent?
  36. 36.One potted plant costs ₹44 to make and Aarav sells it for ₹66. What is the markup in percent?
  37. 37.One cupcake costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹35 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 7
  2. 2
  3. 18
  4. 10 rupees
  5. 25
  6. 81
  7. 25
  8. 11
  9. 33
  10. 66
  11. 82
  12. 25
  13. cost + a markup
  14. 3
  15. 25
  16. 25
  17. 10
  18. 10
  19. a loss
  20. 2
  21. 50
  22. 10
  23. 10
  24. 12
  25. 55
  26. 100
  27. 66
  28. 25
  29. 50
  30. 12
  31. 55
  32. 15
  33. what buyers will pay
  34. 4
  35. 25
  36. 50
  37. 54
  38. 42
  39. 66
  40. 11

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