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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 241 · 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 ₹48 to make and Arjun sells it for ₹72. What is the markup in percent?
  2. 2.One friendship band costs ₹43 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) a profit (b) a loss (c) break-even (d) free stock
  4. 4.One fruit cup costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹16 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹54 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹55 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One handmade card costs ₹56 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹42 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹10 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹25 to make and Ishaan sells it for ₹30. What is the markup in percent?
  13. 13.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  14. 14.One cupcake costs ₹20 to make and Ishaan sells it for ₹25. What is the markup in percent?
  15. 15.One glass of chai costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One cupcake costs ₹56 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹42 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹15 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One bag of popcorn costs ₹42 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  21. 21.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  22. 22.One painted pebble costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹14 to make and Ishaan sells it for ₹28. What is the markup in percent?
  24. 24.One fruit cup costs ₹44 to make and Arjun sells it for ₹88. What is the markup in percent?
  25. 25.One cup of lemonade costs ₹30 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹42 to make and Farhan sells it for ₹63. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  28. 28.One potted plant costs ₹48 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One bag of popcorn costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  30. 30.One fruit cup costs ₹54 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  32. 32.One handmade card costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹22 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹16 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  38. 38.One cupcake costs ₹37 to make and Kavya sells it for ₹74. What is the markup in percent?
  39. 39.One fruit cup costs ₹60 to make and Vihaan sells it for ₹120. What is the markup in percent?
  40. 40.One paper bookmark costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 43
  3. a loss
  4. 22
  5. 32
  6. 81
  7. 66
  8. 28
  9. 63
  10. 2
  11. 3
  12. 20
  13. cost + a markup
  14. 25
  15. 18
  16. 84
  17. 63
  18. 30
  19. 42
  20. 10
  21. what buyers will pay
  22. 22
  23. 100
  24. 100
  25. 30
  26. 50
  27. 20
  28. 60
  29. 10
  30. 108
  31. 10 rupees
  32. 1
  33. 22
  34. 11
  35. 8
  36. 35
  37. 10
  38. 100
  39. 100
  40. 5

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