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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 460 · 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. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs ₹18 to make and Ananya sells it for ₹27. What is the markup in percent?
  3. 3.One glass of chai costs ₹54 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹48 to make and Vihaan sells it for ₹96. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹42 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  7. 7.One painted pebble costs ₹28 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  9. 9.One bag of popcorn costs ₹20 to make and Rohan sells it for ₹24. What is the markup in percent?
  10. 10.One cupcake costs ₹35 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹53 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
  13. 13.One jute bag costs ₹60 to make and Riya sells it for ₹72. What is the markup in percent?
  14. 14.One painted pebble costs ₹58 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹14 to make and Riya sells it for ₹21. What is the markup in percent?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 10 rupees (d) 20 rupees
  17. 17.One cup of lemonade costs ₹58 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One cupcake costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  19. 19.One friendship band costs ₹19 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹60 to make and Nisha sells it for ₹75. What is the markup in percent?
  21. 21.One jute bag costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One bag of popcorn costs ₹34 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹36 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  25. 25.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  26. 26.One handmade card costs ₹60 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹40 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One clay diya costs ₹35 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹43 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹50 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹52 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹60 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹20 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹12 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹46 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One potted plant costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 8
  2. 50
  3. 81
  4. 100
  5. 42
  6. a loss
  7. 35
  8. what buyers will pay
  9. 20
  10. 7
  11. 53
  12. 25
  13. 20
  14. 87
  15. 50
  16. 10 rupees
  17. 58
  18. 10
  19. 19
  20. 25
  21. 11
  22. 51
  23. 9
  24. 10
  25. cost + a markup
  26. 120
  27. 44
  28. 42
  29. 48
  30. 86
  31. 66
  32. 100
  33. 65
  34. 5
  35. 72
  36. 5
  37. 22
  38. 15
  39. 92
  40. 66

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