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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 576 · 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 ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One painted pebble costs ₹33 to make and Nisha sells it for ₹66. What is the markup in percent?
  3. 3.One cupcake costs ₹48 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  4. 4.One friendship band costs ₹44 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One glass of chai costs ₹10 to make and Dev sells it for ₹12. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  7. 7.One potted plant costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?
  8. 8.One cupcake costs ₹56 to make and Farhan sells it for ₹70. What is the markup in percent?
  9. 9.One glass of chai costs ₹30 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?
  11. 11.One glass of chai costs ₹28 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹60 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹44 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹30 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹23 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  18. 18.One glass of chai costs ₹13 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One jute bag costs ₹35 to make and Farhan sells it for ₹42. What is the markup in percent?
  20. 20.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  21. 21.One paper bookmark costs ₹20 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  22. 22.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  23. 23.One jute bag costs ₹10 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹25 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹55 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹32 to make and Dev sells it for ₹40. What is the markup in percent?
  27. 27.One jute bag costs ₹25 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹44 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹15 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹30 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  33. 33.One potted plant costs ₹20 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹45 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  37. 37.One fruit cup costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹49 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹53 to make and Aarav sells it for ₹106. What is the markup in percent?
  40. 40.One clay diya costs ₹20 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 30
  2. 100
  3. 25
  4. 11
  5. 20
  6. a loss
  7. 10
  8. 25
  9. 36
  10. 10
  11. 7
  12. 72
  13. 66
  14. 33
  15. 3
  16. 46
  17. 10 rupees
  18. 26
  19. 20
  20. cost + a markup
  21. 24
  22. what buyers will pay
  23. 11
  24. 30
  25. 66
  26. 25
  27. 5
  28. 44
  29. 3
  30. 72
  31. 36
  32. 25
  33. 2
  34. 22
  35. 90
  36. 20
  37. 3
  38. 49
  39. 100
  40. 24

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