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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 373 · 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 ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One painted pebble costs ₹50 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹15 to make and Kabir sells it for ₹18. What is the markup in percent?
  4. 4.One clay diya costs ₹10 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  6. 6.One clay diya costs ₹44 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹24 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹45 to make and Joseph sells it for ₹54. What is the markup in percent?
  10. 10.One handmade card costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  12. 12.One clay diya costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  13. 13.One handmade card costs ₹43 to make and Dev sells it for ₹86. What is the markup in percent?
  14. 14.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  15. 15.One cupcake costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹28 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One fruit cup costs ₹54 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹24 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹20 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹34 to make and Saanvi sells it for ₹51. What is the markup in percent?
  22. 22.One friendship band costs ₹36 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  23. 23.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  24. 24.One jute bag costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One handmade card costs ₹48 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  26. 26.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  27. 27.One friendship band costs ₹40 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹35 to make and Lakshmi sells it for ₹42. What is the markup in percent?
  29. 29.One glass of chai costs ₹52 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹43 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹56 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹24 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹54 to make and Vihaan sells it for ₹81. What is the markup in percent?
  36. 36.One paper bookmark costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  37. 37.One cupcake costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹36 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹60 to make and Vihaan sells it for ₹72. What is the markup in percent?

Answer key

  1. 22
  2. 5
  3. 20
  4. 20
  5. 10 rupees
  6. 55
  7. 9
  8. 30
  9. 20
  10. 6
  11. 10
  12. 10
  13. 100
  14. cost + a markup
  15. 6
  16. 42
  17. 81
  18. 33
  19. 6
  20. 24
  21. 50
  22. 54
  23. what buyers will pay
  24. 11
  25. 72
  26. a loss
  27. 8
  28. 20
  29. 65
  30. 43
  31. 22
  32. 14
  33. 12
  34. 1
  35. 50
  36. 10
  37. 4
  38. 33
  39. 45
  40. 20

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