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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 280 · 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 glass of chai costs ₹30 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  3. 3.One cupcake costs ₹35 to make and Dev sells it for ₹42. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹38 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹32 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹25 to make and Aarav sells it for ₹30. What is the markup in percent?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  8. 8.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  9. 9.One handmade card costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  10. 10.One handmade card costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  11. 11.One friendship band costs ₹42 to make and Meera sells it for ₹84. What is the markup in percent?
  12. 12.One potted plant costs ₹35 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹58 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹10 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹48 to make and Dev sells it for ₹96. What is the markup in percent?
  17. 17.One handmade card costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹15 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹18 to make and Dev sells it for ₹27. What is the markup in percent?
  21. 21.One potted plant costs ₹15 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹20 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  24. 24.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  25. 25.One bag of popcorn costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹15 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹12 to make and Aarav sells it for ₹15. What is the markup in percent?
  28. 28.One glass of chai costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹25 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  31. 31.One cupcake costs ₹25 to make and Zoya sells it for ₹30. What is the markup in percent?
  32. 32.One cupcake costs ₹20 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹16 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹15 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹32 to make and Farhan sells it for ₹40. What is the markup in percent?
  37. 37.One jute bag costs ₹36 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹10 to make and Dev sells it for ₹15. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹12 to make and Dev sells it for ₹24. What is the markup in percent?
  40. 40.One painted pebble costs ₹52 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 15
  2. cost + a markup
  3. 20
  4. 38
  5. 48
  6. 20
  7. 10 rupees
  8. what buyers will pay
  9. 10
  10. 10
  11. 100
  12. 7
  13. 116
  14. 10
  15. 10
  16. 100
  17. 33
  18. 15
  19. 25
  20. 50
  21. 30
  22. 5
  23. 22
  24. a loss
  25. 6
  26. 18
  27. 25
  28. 5
  29. 50
  30. 10
  31. 20
  32. 30
  33. 32
  34. 4
  35. 30
  36. 25
  37. 18
  38. 50
  39. 100
  40. 65

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