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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 586 · 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 ₹16 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  4. 4.One handmade card costs ₹14 to make and Tara sells it for ₹28. What is the markup in percent?
  5. 5.One painted pebble costs ₹21 to make and Zoya sells it for ₹42. What is the markup in percent?
  6. 6.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  7. 7.One fruit cup costs ₹44 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  9. 9.One potted plant costs ₹42 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹10 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One fruit cup costs ₹40 to make and Riya sells it for ₹44. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?
  13. 13.One cupcake costs ₹60 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹38 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One cupcake costs ₹20 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹42 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹33 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹20 to make and Vihaan sells it for ₹24. What is the markup in percent?
  21. 21.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  22. 22.One jute bag costs ₹54 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹33 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One potted plant costs ₹12 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹15 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One friendship band costs ₹36 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One jute bag costs ₹28 to make and Nisha sells it for ₹42. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹60 to make and Meera sells it for ₹75. What is the markup in percent?
  30. 30.One glass of chai costs ₹44 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹24 to make and Farhan sells it for ₹30. What is the markup in percent?
  32. 32.One cupcake costs ₹32 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One painted pebble costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One cup of lemonade costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹15 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹15 to make and Kavya sells it for ₹18. What is the markup in percent?
  39. 39.One handmade card costs ₹42 to make and Farhan sells it for ₹84. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹10 to make and Riya sells it for ₹12. What is the markup in percent?

Answer key

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

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