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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 22 · 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 clay diya costs ₹16 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  4. 4.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  5. 5.One painted pebble costs ₹52 to make and Kabir sells it for ₹65. What is the markup in percent?
  6. 6.One clay diya costs ₹34 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹30 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹56 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  10. 10.One paper bookmark costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹44 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹56 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹41 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  15. 15.One paper bookmark costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  16. 16.One handmade card costs ₹50 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹11 to make and Ishaan sells it for ₹22. What is the markup in percent?
  18. 18.One friendship band costs ₹25 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹20 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One painted pebble costs ₹28 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  23. 23.One jute bag costs ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹18 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹56 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One cupcake costs ₹42 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹50 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  29. 29.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  30. 30.One cup of lemonade costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹56 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹15 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹20 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹44 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹60 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One friendship band costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹60 to make and Lakshmi sells it for ₹72. What is the markup in percent?

Answer key

  1. 8
  2. 10
  3. 10
  4. a loss
  5. 25
  6. 68
  7. 33
  8. 112
  9. 10 rupees
  10. 3
  11. 88
  12. 14
  13. 82
  14. 10
  15. 10
  16. 100
  17. 100
  18. 5
  19. 2
  20. 40
  21. 7
  22. what buyers will pay
  23. 72
  24. 55
  25. 27
  26. 84
  27. 63
  28. 60
  29. cost + a markup
  30. 2
  31. 84
  32. 15
  33. 3
  34. 10
  35. 88
  36. 30
  37. 66
  38. 2
  39. 66
  40. 20

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