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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 137 · 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 jute bag costs ₹50 to make and Zoya sells it for ₹75. What is the markup in percent?
  2. 2.One friendship band costs ₹15 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  4. 4.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  5. 5.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  6. 6.One clay diya costs ₹13 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹48 to make and Farhan sells it for ₹60. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  9. 9.One friendship band costs ₹10 to make and Meera sells it for ₹12. What is the markup in percent?
  10. 10.One friendship band costs ₹44 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹14 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹20 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹36 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  16. 16.One cupcake costs ₹16 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹55 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹52 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹36 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  21. 21.One glass of chai costs ₹54 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹32 to make and Ananya sells it for ₹64. What is the markup in percent?
  23. 23.One cupcake costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  24. 24.One cupcake costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?
  25. 25.One fruit cup costs ₹56 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹30 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹44 to make and Rohan sells it for ₹88. What is the markup in percent?
  28. 28.One glass of chai costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  29. 29.One fruit cup costs ₹20 to make and Diya sells it for ₹24. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹20 to make and Riya sells it for ₹25. What is the markup in percent?
  31. 31.One friendship band costs ₹48 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  33. 33.One fruit cup costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹24 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹59 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹44 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹41 to make and Joseph sells it for ₹82. What is the markup in percent?
  40. 40.One fruit cup costs ₹16 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 50
  2. 3
  3. 10 rupees
  4. cost + a markup
  5. what buyers will pay
  6. 13
  7. 25
  8. a loss
  9. 20
  10. 11
  11. 21
  12. 10
  13. 4
  14. 54
  15. 10
  16. 32
  17. 11
  18. 13
  19. 5
  20. 50
  21. 54
  22. 100
  23. 10
  24. 10
  25. 70
  26. 20
  27. 100
  28. 10
  29. 20
  30. 25
  31. 48
  32. 20
  33. 44
  34. 30
  35. 59
  36. 22
  37. 1
  38. 66
  39. 100
  40. 20

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