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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 359 · 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 ₹40 to make and Vihaan sells it for ₹48. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹24 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One bag of popcorn costs ₹10 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  5. 5.One painted pebble costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹10 to make and Saanvi sells it for ₹12. What is the markup in percent?
  7. 7.One paper bookmark costs ₹26 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹24 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One bag of popcorn costs ₹36 to make and Rohan sells it for ₹72. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  12. 12.One handmade card costs ₹15 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  14. 14.One cupcake costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹48 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹16 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹22 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One clay diya costs ₹54 to make and Riya sells it for ₹81. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹45 to make and Ishaan sells it for ₹54. What is the markup in percent?
  20. 20.One glass of chai costs ₹10 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹16 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹34 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  25. 25.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a loss (d) a profit
  26. 26.One glass of chai costs ₹60 to make and Meera sells it for ₹120. What is the markup in percent?
  27. 27.One glass of chai costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹45 to make and Ananya sells it for ₹54. What is the markup in percent?
  29. 29.One jute bag costs ₹14 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹56 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹44 to make and Saanvi sells it for ₹55. What is the markup in percent?
  33. 33.One fruit cup costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹10 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹44 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹43 to make and Meera sells it for ₹86. What is the markup in percent?
  38. 38.One handmade card costs ₹27 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One cup of lemonade costs ₹35 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹60 to make. Riya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 6
  3. 15
  4. what buyers will pay
  5. 6
  6. 20
  7. 39
  8. 30
  9. 18
  10. 100
  11. cost + a markup
  12. 18
  13. 10 rupees
  14. 22
  15. 60
  16. 24
  17. 22
  18. 50
  19. 20
  20. 20
  21. 32
  22. 48
  23. 3
  24. 51
  25. a loss
  26. 100
  27. 33
  28. 20
  29. 7
  30. 24
  31. 14
  32. 25
  33. 22
  34. 12
  35. 36
  36. 44
  37. 100
  38. 54
  39. 42
  40. 66

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