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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 679 · 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 clay diya costs ₹40 to make and Meera sells it for ₹44. What is the markup in percent?
  2. 2.One glass of chai costs ₹43 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  4. 4.One potted plant costs ₹23 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹38 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One cup of lemonade costs ₹16 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  8. 8.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  9. 9.One bag of popcorn costs ₹28 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One friendship band costs ₹52 to make and Zoya sells it for ₹104. What is the markup in percent?
  11. 11.One fruit cup costs ₹26 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  14. 14.One potted plant costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹55 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹30 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  18. 18.One friendship band costs ₹30 to make and Lakshmi sells it for ₹45. What is the markup in percent?
  19. 19.One clay diya costs ₹10 to make and Tara sells it for ₹15. What is the markup in percent?
  20. 20.One jute bag costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  22. 22.One clay diya costs ₹20 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹20 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹54 to make and Kabir sells it for ₹81. What is the markup in percent?
  26. 26.One paper bookmark costs ₹12 to make and Dev sells it for ₹15. What is the markup in percent?
  27. 27.One handmade card costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹56 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹49 to make and Lakshmi sells it for ₹98. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹36 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹54 to make and Riya sells it for ₹108. What is the markup in percent?
  32. 32.One glass of chai costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  34. 34.One handmade card costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹20 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  37. 37.One paper bookmark costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  38. 38.One fruit cup costs ₹35 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹20 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  40. 40.One cupcake costs ₹56 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 86
  3. 10
  4. 23
  5. 38
  6. 8
  7. 10 rupees
  8. cost + a markup
  9. 7
  10. 100
  11. 39
  12. 48
  13. a loss
  14. 10
  15. 66
  16. 3
  17. 10
  18. 50
  19. 50
  20. 33
  21. what buyers will pay
  22. 25
  23. 5
  24. 30
  25. 50
  26. 25
  27. 66
  28. 84
  29. 100
  30. 45
  31. 100
  32. 5
  33. 10
  34. 33
  35. 25
  36. 10
  37. 10
  38. 42
  39. 20
  40. 70

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