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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 366 · 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 cup of lemonade costs ₹57 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One clay diya costs ₹32 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹46 to make and Kabir sells it for ₹69. What is the markup in percent?
  4. 4.One handmade card costs ₹50 to make and Ananya sells it for ₹60. What is the markup in percent?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  6. 6.One fruit cup costs ₹26 to make and Dev sells it for ₹39. What is the markup in percent?
  7. 7.One fruit cup costs ₹13 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹44 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹37 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  11. 11.One cup of lemonade costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  12. 12.One jute bag costs ₹50 to make and Vihaan sells it for ₹60. What is the markup in percent?
  13. 13.One jute bag costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a profit (d) a loss
  15. 15.One cupcake costs ₹46 to make and Meera sells it for ₹92. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹20 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹17 to make and Lakshmi sells it for ₹34. What is the markup in percent?
  18. 18.One glass of chai costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹16 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹20 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹42 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹18 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹30 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹50 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹45 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹54 to make and Joseph sells it for ₹108. What is the markup in percent?
  28. 28.One potted plant costs ₹20 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹60 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹59 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  33. 33.One jute bag costs ₹17 to make and Nisha sells it for ₹34. What is the markup in percent?
  34. 34.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  35. 35.One jute bag costs ₹50 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One painted pebble costs ₹58 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹28 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹25 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹34 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 114
  2. 8
  3. 50
  4. 20
  5. 10 rupees
  6. 50
  7. 13
  8. 88
  9. 37
  10. cost + a markup
  11. 10
  12. 20
  13. 54
  14. a loss
  15. 100
  16. 5
  17. 100
  18. 1
  19. 1
  20. 24
  21. 5
  22. 84
  23. 36
  24. 60
  25. 75
  26. 9
  27. 100
  28. 10
  29. 33
  30. 12
  31. 59
  32. 10
  33. 100
  34. what buyers will pay
  35. 55
  36. 18
  37. 58
  38. 7
  39. 30
  40. 34

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