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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 539 · 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 ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹46 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹36 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹35 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One cup of lemonade costs ₹35 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One cupcake costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹16 to make and Vihaan sells it for ₹20. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹36 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 50 rupees (d) 20 rupees
  14. 14.One handmade card costs ₹25 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One potted plant costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹60 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹55 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  19. 19.One painted pebble costs ₹25 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  21. 21.One fruit cup costs ₹48 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  22. 22.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  23. 23.One cup of lemonade costs ₹10 to make and Nisha sells it for ₹15. What is the markup in percent?
  24. 24.One clay diya costs ₹32 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹35 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One fruit cup costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  27. 27.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  28. 28.One clay diya costs ₹52 to make and Diya sells it for ₹65. What is the markup in percent?
  29. 29.One clay diya costs ₹56 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹12 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹10 to make and Nisha sells it for ₹20. What is the markup in percent?
  32. 32.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  33. 33.One clay diya costs ₹36 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹36 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹28 to make and Ishaan sells it for ₹42. What is the markup in percent?
  38. 38.One friendship band costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  39. 39.One glass of chai costs ₹48 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 55
  2. 92
  3. 18
  4. 7
  5. 42
  6. 66
  7. 66
  8. 55
  9. 11
  10. 25
  11. 72
  12. 20
  13. 10 rupees
  14. 25
  15. 11
  16. 75
  17. 110
  18. 10
  19. 25
  20. 10
  21. 60
  22. what buyers will pay
  23. 50
  24. 16
  25. 42
  26. 33
  27. a loss
  28. 25
  29. 84
  30. 24
  31. 100
  32. cost + a markup
  33. 45
  34. 22
  35. 10
  36. 54
  37. 50
  38. 10
  39. 60
  40. 22

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