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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 229 · 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 ₹60 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  4. 4.One cup of lemonade costs ₹35 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  6. 6.One jute bag costs ₹18 to make and Diya sells it for ₹36. What is the markup in percent?
  7. 7.One jute bag costs ₹46 to make and Kavya sells it for ₹69. What is the markup in percent?
  8. 8.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  9. 9.One cup of lemonade costs ₹12 to make and Diya sells it for ₹24. What is the markup in percent?
  10. 10.One handmade card costs ₹21 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  12. 12.One clay diya costs ₹53 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹44 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One cupcake costs ₹52 to make and Kavya sells it for ₹65. What is the markup in percent?
  16. 16.One friendship band costs ₹19 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹36 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹30 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹14 to make and Dev sells it for ₹21. What is the markup in percent?
  21. 21.One jute bag costs ₹25 to make and Vihaan sells it for ₹30. What is the markup in percent?
  22. 22.One paper bookmark costs ₹20 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  24. 24.One clay diya costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹24 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One cup of lemonade costs ₹49 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹60 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹36 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹50 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹60 to make and Meera sells it for ₹90. What is the markup in percent?
  34. 34.One jute bag costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹42 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One handmade card costs ₹10 to make and Dev sells it for ₹20. What is the markup in percent?
  37. 37.One fruit cup costs ₹40 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹44 to make and Aarav sells it for ₹55. What is the markup in percent?
  39. 39.One cupcake costs ₹34 to make and Nisha sells it for ₹51. What is the markup in percent?
  40. 40.One bag of popcorn costs ₹52 to make and Vihaan sells it for ₹65. What is the markup in percent?

Answer key

  1. 72
  2. 3
  3. 10 rupees
  4. 42
  5. a loss
  6. 100
  7. 50
  8. what buyers will pay
  9. 100
  10. 21
  11. cost + a markup
  12. 106
  13. 42
  14. 22
  15. 25
  16. 38
  17. 66
  18. 45
  19. 3
  20. 50
  21. 20
  22. 40
  23. 10
  24. 28
  25. 48
  26. 49
  27. 30
  28. 11
  29. 12
  30. 9
  31. 5
  32. 60
  33. 50
  34. 6
  35. 42
  36. 100
  37. 8
  38. 25
  39. 50
  40. 25

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