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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 268 · 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 painted pebble costs ₹10 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹16 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  5. 5.One glass of chai costs ₹60 to make and Zoya sells it for ₹72. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹30 to make and Ananya sells it for ₹60. What is the markup in percent?
  7. 7.One fruit cup costs ₹44 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One handmade card costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  9. 9.One fruit cup costs ₹10 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One clay diya costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  11. 11.One glass of chai costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  13. 13.One potted plant costs ₹38 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  16. 16.One handmade card costs ₹16 to make and Tara sells it for ₹20. What is the markup in percent?
  17. 17.One potted plant costs ₹35 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹48 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  19. 19.One fruit cup costs ₹28 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹45 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹55 to make and Joseph sells it for ₹66. What is the markup in percent?
  22. 22.One painted pebble costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  23. 23.One glass of chai costs ₹15 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹32 to make and Diya sells it for ₹40. What is the markup in percent?
  26. 26.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  27. 27.One cup of lemonade costs ₹54 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  29. 29.One paper bookmark costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  30. 30.One friendship band costs ₹40 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹21 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  32. 32.One painted pebble costs ₹18 to make and Rohan sells it for ₹36. What is the markup in percent?
  33. 33.One cupcake costs ₹40 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹23 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹44 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹13 to make and Tara sells it for ₹26. What is the markup in percent?
  37. 37.One potted plant costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹20 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹16 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹50 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 2
  2. 4
  3. 6
  4. what buyers will pay
  5. 20
  6. 100
  7. 66
  8. 10
  9. 2
  10. 10
  11. 6
  12. a loss
  13. 57
  14. 30
  15. 10 rupees
  16. 25
  17. 7
  18. 25
  19. 42
  20. 9
  21. 20
  22. 20
  23. 18
  24. 66
  25. 25
  26. cost + a markup
  27. 81
  28. 10
  29. 10
  30. 48
  31. 100
  32. 100
  33. 80
  34. 46
  35. 55
  36. 100
  37. 11
  38. 2
  39. 20
  40. 75

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