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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 387 · 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 ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹28 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  5. 5.One cup of lemonade costs ₹14 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹26 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹50 to make and Kabir sells it for ₹60. What is the markup in percent?
  8. 8.One paper bookmark costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹22 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  11. 11.One potted plant costs ₹32 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹60 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  14. 14.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  15. 15.One friendship band costs ₹30 to make and Dev sells it for ₹36. What is the markup in percent?
  16. 16.One jute bag costs ₹54 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹30 to make and Riya sells it for ₹36. What is the markup in percent?
  18. 18.One friendship band costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  20. 20.One jute bag costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹56 to make and Aarav sells it for ₹84. What is the markup in percent?
  23. 23.One paper bookmark costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One handmade card costs ₹40 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹15 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹41 to make and Riya sells it for ₹82. What is the markup in percent?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  28. 28.One cup of lemonade costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  29. 29.One handmade card costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs ₹35 to make and Saanvi sells it for ₹42. What is the markup in percent?
  31. 31.One jute bag costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹48 to make and Zoya sells it for ₹60. What is the markup in percent?
  33. 33.One painted pebble costs ₹36 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One painted pebble costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  35. 35.One jute bag costs ₹20 to make and Lakshmi sells it for ₹40. What is the markup in percent?
  36. 36.One painted pebble costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹25 to make and Joseph sells it for ₹30. What is the markup in percent?
  38. 38.One painted pebble costs ₹28 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹31 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹28 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 5
  2. 35
  3. 56
  4. cost + a markup
  5. 28
  6. 52
  7. 20
  8. 2
  9. 22
  10. a loss
  11. 40
  12. 11
  13. 66
  14. what buyers will pay
  15. 20
  16. 27
  17. 20
  18. 2
  19. 10
  20. 22
  21. 22
  22. 50
  23. 75
  24. 48
  25. 3
  26. 100
  27. 10 rupees
  28. 10
  29. 2
  30. 20
  31. 11
  32. 25
  33. 45
  34. 10
  35. 100
  36. 11
  37. 20
  38. 35
  39. 62
  40. 35

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