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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 560 · 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 cupcake costs ₹32 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹50 to make and Arjun sells it for ₹100. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  5. 5.One fruit cup costs ₹15 to make and Nisha sells it for ₹18. What is the markup in percent?
  6. 6.One glass of chai costs ₹40 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹12 to make and Kavya sells it for ₹15. What is the markup in percent?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  9. 9.One friendship band costs ₹28 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹20 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cupcake costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  12. 12.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  13. 13.One cup of lemonade costs ₹20 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹42 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹10 to make and Kabir sells it for ₹20. What is the markup in percent?
  17. 17.One friendship band costs ₹24 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹40 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹30 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹21 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹30 to make and Dev sells it for ₹45. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹35 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹55 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One jute bag costs ₹50 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  27. 27.One paper bookmark costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹42 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹12 to make and Riya sells it for ₹24. What is the markup in percent?
  30. 30.One friendship band costs ₹34 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹32 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One bag of popcorn costs ₹45 to make and Lakshmi sells it for ₹90. What is the markup in percent?
  33. 33.One potted plant costs ₹32 to make and Kabir sells it for ₹40. What is the markup in percent?
  34. 34.One clay diya costs ₹54 to make and Dev sells it for ₹81. What is the markup in percent?
  35. 35.One fruit cup costs ₹40 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹15 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹50 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹54 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One friendship band costs ₹60 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?

Answer key

  1. 8
  2. 100
  3. 22
  4. cost + a markup
  5. 20
  6. 4
  7. 25
  8. 10 rupees
  9. 35
  10. 24
  11. 10
  12. what buyers will pay
  13. 20
  14. 48
  15. 63
  16. 100
  17. 36
  18. 55
  19. 8
  20. 15
  21. 21
  22. 50
  23. 42
  24. 11
  25. 50
  26. a loss
  27. 2
  28. 63
  29. 100
  30. 34
  31. 48
  32. 100
  33. 25
  34. 50
  35. 10
  36. 18
  37. 25
  38. 108
  39. 90
  40. 10

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