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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 407 · 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 ₹40 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹32 to make and Rohan sells it for ₹40. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹50 to make and Vihaan sells it for ₹75. What is the markup in percent?
  4. 4.One jute bag costs ₹22 to make and Nisha sells it for ₹33. What is the markup in percent?
  5. 5.One jute bag costs ₹11 to make and Riya sells it for ₹22. What is the markup in percent?
  6. 6.One bag of popcorn costs ₹55 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One clay diya costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹16 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One friendship band costs ₹33 to make and Rohan sells it for ₹66. What is the markup in percent?
  10. 10.One jute bag costs ₹20 to make and Kabir sells it for ₹24. What is the markup in percent?
  11. 11.One potted plant costs ₹34 to make and Gurpreet sells it for ₹51. What is the markup in percent?
  12. 12.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  13. 13.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  14. 14.One glass of chai costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹19 to make and Arjun sells it for ₹38. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹10 to make and Saanvi sells it for ₹20. What is the markup in percent?
  20. 20.One clay diya costs ₹34 to make and Rohan sells it for ₹51. What is the markup in percent?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  22. 22.One potted plant costs ₹26 to make and Meera sells it for ₹52. What is the markup in percent?
  23. 23.One handmade card costs ₹52 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹24 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹44 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹32 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One glass of chai costs ₹44 to make and Nisha sells it for ₹55. What is the markup in percent?
  28. 28.One paper bookmark costs ₹40 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹10 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹18 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹24 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  34. 34.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  35. 35.One jute bag costs ₹38 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹56 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹25 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹16 to make and Dev sells it for ₹32. What is the markup in percent?
  39. 39.One glass of chai costs ₹40 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹53 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 44
  2. 25
  3. 50
  4. 50
  5. 100
  6. 110
  7. 42
  8. 20
  9. 100
  10. 20
  11. 50
  12. cost + a markup
  13. what buyers will pay
  14. 10
  15. 100
  16. 6
  17. 3
  18. 6
  19. 100
  20. 50
  21. 10 rupees
  22. 100
  23. 104
  24. 6
  25. 55
  26. 8
  27. 25
  28. 50
  29. 12
  30. 27
  31. 30
  32. 36
  33. 12
  34. a loss
  35. 38
  36. 84
  37. 30
  38. 100
  39. 10
  40. 53

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