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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 165 · 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 ₹10 to make and Joseph sells it for ₹12. What is the markup in percent?
  2. 2.One jute bag costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹10 to make and Tara sells it for ₹12. What is the markup in percent?
  4. 4.One jute bag costs ₹15 to make and Lakshmi sells it for ₹18. What is the markup in percent?
  5. 5.One cupcake costs ₹14 to make and Zoya sells it for ₹21. What is the markup in percent?
  6. 6.One potted plant costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹56 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One handmade card costs ₹44 to make and Kavya sells it for ₹88. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹22 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹24 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One friendship band costs ₹32 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  13. 13.One cupcake costs ₹22 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  15. 15.One jute bag costs ₹30 to make and Nisha sells it for ₹36. What is the markup in percent?
  16. 16.One cupcake costs ₹40 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹44 to make and Diya sells it for ₹88. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹16 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹56 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  21. 21.One cupcake costs ₹40 to make and Dev sells it for ₹48. What is the markup in percent?
  22. 22.One fruit cup costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  24. 24.One potted plant costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹20 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  28. 28.One paper bookmark costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹20 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One painted pebble costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹60 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  33. 33.One paper bookmark costs ₹10 to make and Meera sells it for ₹12. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹56 to make and Ananya sells it for ₹84. What is the markup in percent?
  35. 35.One potted plant costs ₹30 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹15 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  40. 40.One handmade card costs ₹24 to make and Meera sells it for ₹30. What is the markup in percent?

Answer key

  1. 20
  2. 3
  3. 20
  4. 20
  5. 50
  6. 3
  7. 70
  8. 100
  9. 33
  10. 12
  11. 16
  12. what buyers will pay
  13. 11
  14. 20
  15. 20
  16. 50
  17. 100
  18. 20
  19. 84
  20. cost + a markup
  21. 20
  22. 18
  23. a loss
  24. 5
  25. 10
  26. 40
  27. 20
  28. 3
  29. 30
  30. 30
  31. 66
  32. 10 rupees
  33. 20
  34. 50
  35. 6
  36. 12
  37. 15
  38. 36
  39. 10
  40. 25

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