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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 14 · 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 ₹20 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One clay diya costs ₹10 to make and Diya sells it for ₹15. What is the markup in percent?
  3. 3.One friendship band costs ₹47 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹14 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹10 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One bag of popcorn costs ₹30 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  9. 9.One fruit cup costs ₹60 to make and Aarav sells it for ₹66. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹12 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  13. 13.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  14. 14.One cup of lemonade costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹32 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  17. 17.One potted plant costs ₹22 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹56 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  20. 20.One paper bookmark costs ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹12 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One paper bookmark costs ₹10 to make and Meera sells it for ₹12. What is the markup in percent?
  23. 23.One jute bag costs ₹20 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹12 to make and Diya sells it for ₹18. What is the markup in percent?
  26. 26.One cupcake costs ₹52 to make and Tara sells it for ₹104. What is the markup in percent?
  27. 27.One paper bookmark costs ₹48 to make and Dev sells it for ₹72. What is the markup in percent?
  28. 28.One cupcake costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  29. 29.One jute bag costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹12 to make and Ishaan sells it for ₹18. What is the markup in percent?
  31. 31.One glass of chai costs ₹40 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹26 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  34. 34.One paper bookmark costs ₹29 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹45 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹19 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹22 to make and Joseph sells it for ₹44. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹40 to make and Zoya sells it for ₹50. What is the markup in percent?

Answer key

  1. 24
  2. 50
  3. 94
  4. 14
  5. 2
  6. 4
  7. 36
  8. cost + a markup
  9. 10
  10. 25
  11. 18
  12. 55
  13. what buyers will pay
  14. 11
  15. 32
  16. 10 rupees
  17. 11
  18. 56
  19. a loss
  20. 72
  21. 24
  22. 20
  23. 24
  24. 6
  25. 50
  26. 100
  27. 50
  28. 10
  29. 33
  30. 50
  31. 60
  32. 39
  33. 10
  34. 58
  35. 54
  36. 19
  37. 4
  38. 100
  39. 44
  40. 25

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