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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 554 · 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 painted pebble costs ₹55 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs ₹40 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹32 to make and Kabir sells it for ₹40. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹20 to make and Kabir sells it for ₹22. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One jute bag costs ₹50 to make and Ananya sells it for ₹60. What is the markup in percent?
  8. 8.One paper bookmark costs ₹28 to make and Kavya sells it for ₹56. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  10. 10.One fruit cup costs ₹25 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹12 to make and Zoya sells it for ₹18. What is the markup in percent?
  12. 12.One handmade card costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  14. 14.One painted pebble costs ₹14 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹28 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹56 to make and Meera sells it for ₹112. What is the markup in percent?
  17. 17.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  18. 18.One painted pebble costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹20 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹10 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹12 to make and Kavya sells it for ₹15. What is the markup in percent?
  22. 22.One painted pebble costs ₹40 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One clay diya costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹25 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  26. 26.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  27. 27.One cup of lemonade costs ₹34 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹46 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One fruit cup costs ₹35 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹21 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One cup of lemonade costs ₹20 to make and Dev sells it for ₹25. What is the markup in percent?
  33. 33.One handmade card costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹34 to make and Aarav sells it for ₹68. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹32 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹52 to make and Arjun sells it for ₹65. What is the markup in percent?
  38. 38.One glass of chai costs ₹32 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹30 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹60 to make. Tara adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 11
  2. 6
  3. 50
  4. 25
  5. 10
  6. 30
  7. 20
  8. 100
  9. 10 rupees
  10. 25
  11. 50
  12. 1
  13. a loss
  14. 21
  15. 42
  16. 100
  17. what buyers will pay
  18. 1
  19. 24
  20. 12
  21. 25
  22. 44
  23. 2
  24. 2
  25. 50
  26. cost + a markup
  27. 51
  28. 92
  29. 33
  30. 35
  31. 42
  32. 25
  33. 6
  34. 100
  35. 48
  36. 5
  37. 25
  38. 64
  39. 33
  40. 75

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