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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 473 · 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 ₹24 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  3. 3.One paper bookmark costs ₹48 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One fruit cup costs ₹24 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One cup of lemonade costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  7. 7.One cupcake costs ₹10 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹32 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One painted pebble costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) cost − a markup (d) copy a rival
  11. 11.One clay diya costs ₹36 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One paper bookmark costs ₹58 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹20 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹41 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  18. 18.One clay diya costs ₹44 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹60 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹32 to make and Tara sells it for ₹64. What is the markup in percent?
  21. 21.One potted plant costs ₹14 to make and Kabir sells it for ₹21. What is the markup in percent?
  22. 22.One painted pebble costs ₹32 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹34 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹54 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹45 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹50 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹17 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹36 to make and Diya sells it for ₹45. What is the markup in percent?
  32. 32.One glass of chai costs ₹10 to make and Ananya sells it for ₹15. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹17 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cupcake costs ₹34 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  36. 36.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  37. 37.One clay diya costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹10 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹44 to make and Diya sells it for ₹88. What is the markup in percent?
  40. 40.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees

Answer key

  1. 24
  2. a loss
  3. 60
  4. 5
  5. 24
  6. 10
  7. 15
  8. 32
  9. 2
  10. cost + a markup
  11. 45
  12. 22
  13. 87
  14. 25
  15. 82
  16. 22
  17. 10
  18. 55
  19. 120
  20. 100
  21. 50
  22. 40
  23. 34
  24. 27
  25. 9
  26. 2
  27. 35
  28. 100
  29. 17
  30. 66
  31. 25
  32. 50
  33. 34
  34. 17
  35. 22
  36. what buyers will pay
  37. 33
  38. 11
  39. 100
  40. 10 rupees

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