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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 442 · 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 friendship band costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One fruit cup costs ₹25 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  4. 4.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  5. 5.One fruit cup costs ₹19 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹23 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹20 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹26 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹52 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹55 to make and Diya sells it for ₹66. What is the markup in percent?
  13. 13.One glass of chai costs ₹55 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹15 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹21 to make and Nisha sells it for ₹42. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹54 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹36 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹10 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹10 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One handmade card costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  23. 23.One glass of chai costs ₹37 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹38 to make and Dev sells it for ₹57. What is the markup in percent?
  25. 25.One paper bookmark costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹52 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  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 painted pebble costs ₹39 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹10 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹12 to make and Dev sells it for ₹15. What is the markup in percent?
  31. 31.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  32. 32.One jute bag costs ₹56 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹34 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹42 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹56 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹16 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹18 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹10 to make and Aarav sells it for ₹20. What is the markup in percent?
  40. 40.One glass of chai costs ₹16 to make and Joseph sells it for ₹32. What is the markup in percent?

Answer key

  1. 48
  2. 20
  3. what buyers will pay
  4. cost + a markup
  5. 38
  6. 46
  7. 24
  8. 39
  9. 78
  10. 6
  11. 36
  12. 20
  13. 11
  14. 3
  15. 6
  16. 100
  17. 108
  18. 54
  19. 1
  20. 2
  21. 11
  22. 20
  23. 37
  24. 50
  25. 44
  26. 65
  27. 10 rupees
  28. 78
  29. 5
  30. 25
  31. a loss
  32. 28
  33. 68
  34. 42
  35. 44
  36. 70
  37. 20
  38. 9
  39. 100
  40. 100

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