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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 16 · 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 cup of lemonade costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  4. 4.One paper bookmark costs ₹28 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹44 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹37 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹10 to make and Zoya sells it for ₹12. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  9. 9.One handmade card costs ₹26 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  11. 11.One jute bag costs ₹16 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹21 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹44 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  17. 17.One friendship band costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  18. 18.One glass of chai costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹55 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹24 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹45 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹18 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹10 to make and Kabir sells it for ₹12. What is the markup in percent?
  26. 26.One jute bag costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹40 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹10 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹12 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹16 to make and Rohan sells it for ₹20. What is the markup in percent?
  33. 33.One friendship band costs ₹50 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹60 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  36. 36.One fruit cup costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹26 to make and Aarav sells it for ₹39. What is the markup in percent?

Answer key

  1. 15
  2. what buyers will pay
  3. 10 rupees
  4. 7
  5. 66
  6. 74
  7. 20
  8. a loss
  9. 13
  10. cost + a markup
  11. 20
  12. 3
  13. 72
  14. 42
  15. 22
  16. 10
  17. 25
  18. 11
  19. 66
  20. 12
  21. 9
  22. 20
  23. 66
  24. 9
  25. 20
  26. 10
  27. 20
  28. 8
  29. 66
  30. 15
  31. 6
  32. 25
  33. 55
  34. 72
  35. 10
  36. 2
  37. 18
  38. 11
  39. 2
  40. 50

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