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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 414 · 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 ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  2. 2.One fruit cup costs ₹17 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One handmade card costs ₹25 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  5. 5.One cup of lemonade costs ₹26 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One bag of popcorn costs ₹59 to make and Aarav sells it for ₹118. What is the markup in percent?
  8. 8.One clay diya costs ₹21 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹20 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹36 to make and Dev sells it for ₹45. What is the markup in percent?
  11. 11.One cupcake costs ₹49 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹20 to make and Zoya sells it for ₹30. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹15 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  15. 15.One painted pebble costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  16. 16.One cupcake costs ₹12 to make and Riya sells it for ₹18. What is the markup in percent?
  17. 17.One glass of chai costs ₹51 to make and Nisha sells it for ₹102. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹60 to make and Saanvi sells it for ₹66. What is the markup in percent?
  20. 20.One paper bookmark costs ₹10 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  22. 22.One clay diya costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹12 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹56 to make and Diya sells it for ₹70. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  27. 27.One glass of chai costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹30 to make and Nisha sells it for ₹60. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹30 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹41 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹20 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹20 to make and Vihaan sells it for ₹25. What is the markup in percent?
  33. 33.One paper bookmark costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹12 to make and Joseph sells it for ₹15. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹24 to make and Joseph sells it for ₹36. What is the markup in percent?
  36. 36.One cupcake costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) guess any price (d) cost − a markup
  39. 39.One glass of chai costs ₹48 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹12 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 34
  3. 30
  4. what buyers will pay
  5. 52
  6. 11
  7. 100
  8. 42
  9. 25
  10. 25
  11. 49
  12. 50
  13. 18
  14. 10 rupees
  15. 20
  16. 50
  17. 100
  18. 10
  19. 10
  20. 20
  21. a loss
  22. 42
  23. 15
  24. 25
  25. 20
  26. 10
  27. 2
  28. 100
  29. 3
  30. 41
  31. 24
  32. 25
  33. 24
  34. 25
  35. 50
  36. 22
  37. 11
  38. cost + a markup
  39. 24
  40. 12

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