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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 31 · 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 ₹50 to make and Joseph sells it for ₹60. What is the markup in percent?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  3. 3.One bag of popcorn costs ₹22 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  7. 7.One cup of lemonade costs ₹56 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One cup of lemonade costs ₹25 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹36 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One clay diya costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹24 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One painted pebble costs ₹10 to make and Zoya sells it for ₹11. What is the markup in percent?
  14. 14.One potted plant costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  19. 19.One clay diya costs ₹60 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹30 to make and Kabir sells it for ₹45. What is the markup in percent?
  21. 21.One handmade card costs ₹11 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  23. 23.One cup of lemonade costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹58 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹58 to make and Kavya sells it for ₹116. What is the markup in percent?
  28. 28.One cupcake costs ₹40 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹41 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  31. 31.One potted plant costs ₹16 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹15 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹42 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One friendship band costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One clay diya costs ₹40 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹34 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One cupcake costs ₹16 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹35 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 20
  2. cost + a markup
  3. 33
  4. 2
  5. 55
  6. a loss
  7. 84
  8. 30
  9. 45
  10. 4
  11. 33
  12. 48
  13. 10
  14. 5
  15. 60
  16. 10
  17. 4
  18. what buyers will pay
  19. 72
  20. 50
  21. 100
  22. 10 rupees
  23. 5
  24. 48
  25. 87
  26. 66
  27. 100
  28. 44
  29. 41
  30. 10
  31. 20
  32. 3
  33. 22
  34. 63
  35. 15
  36. 48
  37. 68
  38. 4
  39. 72
  40. 7

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