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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 642 · 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 ₹35 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹20 to make and Farhan sells it for ₹24. What is the markup in percent?
  3. 3.One jute bag costs ₹10 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One paper bookmark costs ₹45 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹28 to make and Diya sells it for ₹56. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹56 to make and Aarav sells it for ₹84. What is the markup in percent?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  8. 8.One jute bag costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  9. 9.One paper bookmark costs ₹23 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  10. 10.One painted pebble costs ₹48 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹48 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹30 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹20 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  15. 15.One potted plant costs ₹20 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One clay diya costs ₹31 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹44 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs ₹56 to make and Lakshmi sells it for ₹70. What is the markup in percent?
  19. 19.One glass of chai costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One bag of popcorn costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  21. 21.One fruit cup costs ₹30 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  24. 24.One paper bookmark costs ₹10 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  26. 26.One potted plant costs ₹20 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹40 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One friendship band costs ₹36 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  29. 29.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  30. 30.One fruit cup costs ₹55 to make and Aarav sells it for ₹66. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹35 to make and Meera sells it for ₹42. What is the markup in percent?
  32. 32.One paper bookmark costs ₹20 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One potted plant costs ₹56 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹15 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹31 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  37. 37.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  38. 38.One cup of lemonade costs ₹25 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹10 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹30 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 70
  2. 20
  3. 15
  4. 54
  5. 100
  6. 50
  7. 10 rupees
  8. 10
  9. 23
  10. 60
  11. 60
  12. 45
  13. 2
  14. a loss
  15. 40
  16. 31
  17. 44
  18. 25
  19. 72
  20. 10
  21. 15
  22. 55
  23. 10
  24. 1
  25. 10
  26. 30
  27. 48
  28. 54
  29. cost + a markup
  30. 20
  31. 20
  32. 25
  33. 44
  34. 70
  35. 3
  36. 62
  37. what buyers will pay
  38. 50
  39. 11
  40. 36

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