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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 475 · 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 ₹58 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  3. 3.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  4. 4.One paper bookmark costs ₹12 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹30 to make and Riya sells it for ₹60. What is the markup in percent?
  6. 6.One glass of chai costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?
  8. 8.One handmade card costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  9. 9.One fruit cup costs ₹24 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  10. 10.One friendship band costs ₹22 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One glass of chai costs ₹40 to make and Meera sells it for ₹50. What is the markup in percent?
  12. 12.One potted plant costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One potted plant costs ₹60 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  15. 15.One glass of chai costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹26 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹50 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹12 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  19. 19.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  20. 20.One friendship band costs ₹29 to make and Aarav sells it for ₹58. What is the markup in percent?
  21. 21.One glass of chai costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹50 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹52 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹32 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹56 to make and Lakshmi sells it for ₹84. What is the markup in percent?
  26. 26.One clay diya costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹38 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹16 to make and Arjun sells it for ₹24. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One clay diya costs ₹14 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  33. 33.One glass of chai costs ₹15 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹50 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  36. 36.One bag of popcorn costs ₹20 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹24 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹30 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  39. 39.One glass of chai costs ₹52 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹32 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?

Answer key

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

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