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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 416 · 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 jute bag costs ₹41 to make and Saanvi sells it for ₹82. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹56 to make and Ananya sells it for ₹70. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹50 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  5. 5.One clay diya costs ₹40 to make and Aarav sells it for ₹50. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  7. 7.One glass of chai costs ₹30 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹25 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One clay diya costs ₹28 to make and Zoya sells it for ₹42. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  11. 11.One painted pebble costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹60 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹20 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One cup of lemonade costs ₹12 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹28 to make and Saanvi sells it for ₹35. What is the markup in percent?
  17. 17.One glass of chai costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  18. 18.One painted pebble costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One glass of chai costs ₹45 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹12 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One painted pebble costs ₹15 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹17 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  25. 25.One fruit cup costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  26. 26.One clay diya costs ₹15 to make and Tara sells it for ₹30. What is the markup in percent?
  27. 27.One potted plant costs ₹35 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹22 to make and Kavya sells it for ₹33. What is the markup in percent?
  31. 31.One handmade card costs ₹46 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  33. 33.One handmade card costs ₹14 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  35. 35.One potted plant costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹30 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹12 to make and Rohan sells it for ₹15. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹20 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹44 to make and Farhan sells it for ₹66. What is the markup in percent?

Answer key

  1. 100
  2. 25
  3. 25
  4. 20
  5. 25
  6. a loss
  7. 36
  8. 25
  9. 50
  10. cost + a markup
  11. 6
  12. 30
  13. 4
  14. 15
  15. 4
  16. 25
  17. 10
  18. 11
  19. 9
  20. 18
  21. 3
  22. 11
  23. 17
  24. what buyers will pay
  25. 10
  26. 100
  27. 42
  28. 11
  29. 55
  30. 50
  31. 46
  32. 10
  33. 21
  34. 10
  35. 6
  36. 36
  37. 25
  38. 42
  39. 22
  40. 50

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