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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 306 · 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 friendship band costs ₹51 to make and Aarav sells it for ₹102. What is the markup in percent?
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  3. 3.One paper bookmark costs ₹41 to make and Dev sells it for ₹82. What is the markup in percent?
  4. 4.One glass of chai costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹12 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹21 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹50 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹58 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹14 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹52 to make and Ananya sells it for ₹78. What is the markup in percent?
  12. 12.One handmade card costs ₹24 to make and Saanvi sells it for ₹30. What is the markup in percent?
  13. 13.One cupcake costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹27 to make and Joseph sells it for ₹54. What is the markup in percent?
  15. 15.One handmade card costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  17. 17.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  18. 18.One potted plant costs ₹19 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹12 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹52 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  22. 22.One fruit cup costs ₹34 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹44 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One bag of popcorn costs ₹28 to make and Rohan sells it for ₹35. What is the markup in percent?
  25. 25.One painted pebble costs ₹58 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹25 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹36 to make and Riya sells it for ₹45. What is the markup in percent?
  28. 28.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
  29. 29.One friendship band costs ₹11 to make and Zoya sells it for ₹22. What is the markup in percent?
  30. 30.One potted plant costs ₹44 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹19 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs ₹10 to make and Ishaan sells it for ₹12. What is the markup in percent?
  34. 34.One cupcake costs ₹14 to make and Zoya sells it for ₹28. What is the markup in percent?
  35. 35.One glass of chai costs ₹32 to make and Joseph sells it for ₹64. What is the markup in percent?
  36. 36.One painted pebble costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹24 to make and Riya sells it for ₹30. What is the markup in percent?
  39. 39.One glass of chai costs ₹55 to make and Riya sells it for ₹110. What is the markup in percent?
  40. 40.One jute bag costs ₹15 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 100
  2. what buyers will pay
  3. 100
  4. 4
  5. 18
  6. 42
  7. 3
  8. 20
  9. 116
  10. 14
  11. 50
  12. 25
  13. 44
  14. 100
  15. 10
  16. 22
  17. cost + a markup
  18. 19
  19. 3
  20. 52
  21. 10 rupees
  22. 68
  23. 88
  24. 25
  25. 116
  26. 25
  27. 25
  28. a loss
  29. 100
  30. 55
  31. 6
  32. 19
  33. 20
  34. 100
  35. 100
  36. 11
  37. 66
  38. 25
  39. 100
  40. 15

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