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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 607 · 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 jute bag costs ₹36 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One clay diya costs ₹17 to make and Gurpreet sells it for ₹34. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  4. 4.One jute bag costs ₹15 to make and Kabir sells it for ₹30. What is the markup in percent?
  5. 5.One glass of chai costs ₹43 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹15 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  8. 8.One potted plant costs ₹24 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹19 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹25 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹60 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹12 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One fruit cup costs ₹10 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One glass of chai costs ₹48 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  16. 16.One glass of chai costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹44 to make and Meera sells it for ₹55. What is the markup in percent?
  18. 18.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  19. 19.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  20. 20.One handmade card costs ₹12 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹20 to make and Lakshmi sells it for ₹25. What is the markup in percent?
  22. 22.One jute bag costs ₹27 to make and Nisha sells it for ₹54. What is the markup in percent?
  23. 23.One glass of chai costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  24. 24.One potted plant costs ₹24 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹50 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One bag of popcorn costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  28. 28.One fruit cup costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One clay diya costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹18 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹20 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹12 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One clay diya costs ₹55 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹10 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One potted plant costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹26 to make and Zoya sells it for ₹52. What is the markup in percent?
  39. 39.One fruit cup costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  40. 40.One painted pebble costs ₹59 to make. Dev adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 45
  2. 100
  3. a loss
  4. 100
  5. 86
  6. 3
  7. 10
  8. 36
  9. 19
  10. 5
  11. 12
  12. 15
  13. 11
  14. 72
  15. 10 rupees
  16. 22
  17. 25
  18. cost + a markup
  19. what buyers will pay
  20. 12
  21. 25
  22. 100
  23. 10
  24. 12
  25. 60
  26. 45
  27. 20
  28. 3
  29. 33
  30. 44
  31. 9
  32. 5
  33. 12
  34. 15
  35. 66
  36. 11
  37. 35
  38. 100
  39. 10
  40. 118

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