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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 332 · 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 ₹42 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹40 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  4. 4.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  5. 5.One clay diya costs ₹22 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹45 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One cupcake costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹60 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹44 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹50 to make and Nisha sells it for ₹75. What is the markup in percent?
  11. 11.One friendship band costs ₹10 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹36 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹51 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹20 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹48 to make and Nisha sells it for ₹60. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  18. 18.One friendship band costs ₹55 to make and Aarav sells it for ₹110. What is the markup in percent?
  19. 19.One paper bookmark costs ₹16 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹12 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹20 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹12 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹60 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹36 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹23 to make and Rohan sells it for ₹46. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  30. 30.One fruit cup costs ₹10 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹25 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹18 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹40 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹32 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹46 to make and Farhan sells it for ₹92. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹21 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  39. 39.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  40. 40.One jute bag costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 21
  2. 8
  3. what buyers will pay
  4. cost + a markup
  5. 11
  6. 54
  7. 54
  8. 15
  9. 55
  10. 50
  11. 5
  12. 9
  13. 5
  14. 102
  15. 25
  16. 25
  17. 25
  18. 100
  19. 24
  20. 3
  21. 35
  22. 4
  23. 3
  24. 1
  25. 72
  26. 9
  27. 100
  28. 1
  29. 10 rupees
  30. 15
  31. 50
  32. 18
  33. 1
  34. 50
  35. 8
  36. 100
  37. 21
  38. 22
  39. a loss
  40. 33

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