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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 643 · 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. Meera adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹50 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  4. 4.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  5. 5.One handmade card costs ₹28 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹25 to make and Saanvi sells it for ₹30. What is the markup in percent?
  8. 8.One paper bookmark costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹58 to make and Aarav sells it for ₹116. What is the markup in percent?
  10. 10.One clay diya costs ₹32 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹12 to make and Joseph sells it for ₹15. What is the markup in percent?
  12. 12.One friendship band costs ₹24 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹30 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹28 to make and Farhan sells it for ₹35. What is the markup in percent?
  16. 16.One jute bag costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹15 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One bag of popcorn costs ₹25 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One bag of popcorn costs ₹42 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹38 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹45 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹30 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹16 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹50 to make and Dev sells it for ₹75. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹18 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹20 to make and Kavya sells it for ₹25. What is the markup in percent?
  28. 28.One clay diya costs ₹10 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs ₹52 to make and Ananya sells it for ₹65. What is the markup in percent?
  30. 30.One clay diya costs ₹14 to make and Meera sells it for ₹21. What is the markup in percent?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  32. 32.One cupcake costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹16 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  34. 34.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  35. 35.One clay diya costs ₹26 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One friendship band costs ₹11 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹35 to make and Rohan sells it for ₹42. What is the markup in percent?
  39. 39.One fruit cup costs ₹23 to make and Joseph sells it for ₹46. What is the markup in percent?
  40. 40.One painted pebble costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?

Answer key

  1. 20
  2. 5
  3. cost + a markup
  4. a loss
  5. 35
  6. 10
  7. 20
  8. 20
  9. 100
  10. 40
  11. 25
  12. 30
  13. 33
  14. 36
  15. 25
  16. 55
  17. 3
  18. 5
  19. 63
  20. 57
  21. 9
  22. 30
  23. 20
  24. 50
  25. 36
  26. 6
  27. 25
  28. 1
  29. 25
  30. 50
  31. 10 rupees
  32. 1
  33. 24
  34. what buyers will pay
  35. 13
  36. 72
  37. 22
  38. 20
  39. 100
  40. 10

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