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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 25 · 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 fruit cup costs ₹59 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One handmade card costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  4. 4.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  5. 5.One bag of popcorn costs ₹20 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One cupcake costs ₹16 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One paper bookmark costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  8. 8.One friendship band costs ₹14 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  10. 10.One fruit cup costs ₹16 to make and Ananya sells it for ₹20. What is the markup in percent?
  11. 11.One fruit cup costs ₹40 to make and Meera sells it for ₹48. What is the markup in percent?
  12. 12.One handmade card costs ₹60 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One jute bag costs ₹12 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹56 to make and Saanvi sells it for ₹70. What is the markup in percent?
  16. 16.One paper bookmark costs ₹50 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹60 to make and Meera sells it for ₹75. What is the markup in percent?
  18. 18.One painted pebble costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  19. 19.One paper bookmark costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  21. 21.One paper bookmark costs ₹52 to make and Kavya sells it for ₹78. What is the markup in percent?
  22. 22.One paper bookmark costs ₹24 to make and Zoya sells it for ₹48. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹36 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  25. 25.One painted pebble costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹52 to make and Diya sells it for ₹65. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹58 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  30. 30.One paper bookmark costs ₹31 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹46 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹25 to make and Riya sells it for ₹50. What is the markup in percent?
  33. 33.One glass of chai costs ₹40 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹18 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹60 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹32 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹20 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 118
  2. 54
  3. a loss
  4. what buyers will pay
  5. 10
  6. 4
  7. 10
  8. 28
  9. 10 rupees
  10. 25
  11. 20
  12. 12
  13. 2
  14. 24
  15. 25
  16. 5
  17. 25
  18. 20
  19. 22
  20. cost + a markup
  21. 50
  22. 100
  23. 72
  24. 20
  25. 66
  26. 25
  27. 116
  28. 18
  29. 10
  30. 31
  31. 23
  32. 100
  33. 8
  34. 33
  35. 9
  36. 60
  37. 40
  38. 11
  39. 25
  40. 12

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