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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 441 · 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 clay diya costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One clay diya costs ₹10 to make and Lakshmi sells it for ₹12. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹60 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹15 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹12 to make and Kavya sells it for ₹24. What is the markup in percent?
  6. 6.One painted pebble costs ₹36 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹55 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹56 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One cupcake costs ₹58 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  12. 12.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  13. 13.One painted pebble costs ₹40 to make and Kabir sells it for ₹50. What is the markup in percent?
  14. 14.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  16. 16.One handmade card costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  17. 17.One jute bag costs ₹44 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹24 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹20 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹21 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹50 to make and Arjun sells it for ₹60. What is the markup in percent?
  22. 22.One glass of chai costs ₹41 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹32 to make and Lakshmi sells it for ₹48. What is the markup in percent?
  25. 25.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  26. 26.One cup of lemonade costs ₹20 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹20 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹60 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  31. 31.One handmade card costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One cupcake costs ₹56 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹60 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹50 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹20 to make and Arjun sells it for ₹25. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹21 to make and Dev sells it for ₹42. What is the markup in percent?
  38. 38.One jute bag costs ₹50 to make and Meera sells it for ₹55. What is the markup in percent?
  39. 39.One clay diya costs ₹20 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹60 to make and Riya sells it for ₹66. What is the markup in percent?

Answer key

  1. 11
  2. 20
  3. 66
  4. 18
  5. 100
  6. 9
  7. 11
  8. 14
  9. 58
  10. 11
  11. 10
  12. cost + a markup
  13. 25
  14. a loss
  15. 10 rupees
  16. 10
  17. 55
  18. 6
  19. 4
  20. 42
  21. 20
  22. 41
  23. 6
  24. 50
  25. what buyers will pay
  26. 24
  27. 45
  28. 22
  29. 30
  30. 10
  31. 54
  32. 70
  33. 72
  34. 75
  35. 20
  36. 25
  37. 100
  38. 10
  39. 24
  40. 10

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