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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 464 · 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 ₹20 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One potted plant costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  4. 4.One potted plant costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  5. 5.One paper bookmark costs ₹60 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  7. 7.One cup of lemonade costs ₹20 to make and Vihaan sells it for ₹24. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One handmade card costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹32 to make and Kabir sells it for ₹48. What is the markup in percent?
  11. 11.One paper bookmark costs ₹27 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹35 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹35 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹15 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  16. 16.One jute bag costs ₹24 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  17. 17.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  18. 18.One fruit cup costs ₹12 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  20. 20.One jute bag costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  21. 21.One handmade card costs ₹15 to make and Ishaan sells it for ₹18. What is the markup in percent?
  22. 22.One friendship band costs ₹49 to make and Diya sells it for ₹98. What is the markup in percent?
  23. 23.One jute bag costs ₹49 to make and Farhan sells it for ₹98. What is the markup in percent?
  24. 24.One bag of popcorn costs ₹24 to make and Aarav sells it for ₹30. What is the markup in percent?
  25. 25.One handmade card costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One paper bookmark costs ₹32 to make and Dev sells it for ₹40. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹45 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹32 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹35 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  30. 30.One potted plant costs ₹57 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹10 to make and Diya sells it for ₹12. What is the markup in percent?
  32. 32.One cupcake costs ₹12 to make and Rohan sells it for ₹15. What is the markup in percent?
  33. 33.One painted pebble costs ₹20 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹28 to make and Meera sells it for ₹35. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹16 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹50 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹10 to make and Kavya sells it for ₹12. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  39. 39.One cup of lemonade costs ₹42 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹34 to make and Lakshmi sells it for ₹51. What is the markup in percent?

Answer key

  1. 5
  2. 40
  3. what buyers will pay
  4. 20
  5. 6
  6. 10 rupees
  7. 20
  8. 72
  9. 11
  10. 50
  11. 54
  12. 42
  13. 7
  14. 30
  15. 10
  16. 48
  17. cost + a markup
  18. 6
  19. a loss
  20. 10
  21. 20
  22. 100
  23. 100
  24. 25
  25. 5
  26. 25
  27. 54
  28. 48
  29. 20
  30. 57
  31. 20
  32. 25
  33. 20
  34. 25
  35. 20
  36. 60
  37. 20
  38. 10
  39. 63
  40. 50

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