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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 705 · 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 friendship band costs ₹20 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  3. 3.One cup of lemonade costs ₹24 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  6. 6.One friendship band costs ₹13 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹20 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹44 to make and Nisha sells it for ₹66. What is the markup in percent?
  10. 10.One clay diya costs ₹40 to make and Ishaan sells it for ₹60. What is the markup in percent?
  11. 11.One paper bookmark costs ₹28 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹20 to make and Arjun sells it for ₹25. What is the markup in percent?
  14. 14.One cupcake costs ₹60 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One cupcake costs ₹29 to make and Vihaan sells it for ₹58. What is the markup in percent?
  16. 16.One potted plant costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  18. 18.One potted plant costs ₹17 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹15 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹15 to make and Arjun sells it for ₹30. What is the markup in percent?
  21. 21.One handmade card costs ₹45 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹21 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  23. 23.One fruit cup costs ₹18 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹45 to make and Zoya sells it for ₹54. What is the markup in percent?
  25. 25.One potted plant costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  26. 26.One potted plant costs ₹16 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹36 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One clay diya costs ₹22 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs ₹24 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹29 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹42 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹36 to make and Kavya sells it for ₹45. What is the markup in percent?
  33. 33.One jute bag costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  35. 35.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  36. 36.One handmade card costs ₹28 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One jute bag costs ₹55 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹16 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?

Answer key

  1. 24
  2. cost + a markup
  3. 30
  4. 40
  5. what buyers will pay
  6. 13
  7. 25
  8. 75
  9. 50
  10. 50
  11. 42
  12. 35
  13. 25
  14. 30
  15. 100
  16. 55
  17. 10 rupees
  18. 34
  19. 3
  20. 100
  21. 9
  22. 100
  23. 9
  24. 20
  25. 20
  26. 8
  27. 45
  28. 11
  29. 30
  30. 29
  31. 21
  32. 25
  33. 1
  34. 10
  35. a loss
  36. 28
  37. 44
  38. 66
  39. 4
  40. 10

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