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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 734 · 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 handmade card costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One glass of chai costs ₹60 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  4. 4.One bag of popcorn costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  5. 5.One friendship band costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹10 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
  9. 9.One fruit cup costs ₹11 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹55 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cupcake costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One cupcake costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  13. 13.One handmade card costs ₹50 to make and Gurpreet sells it for ₹75. What is the markup in percent?
  14. 14.One potted plant costs ₹19 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹44 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.One handmade card costs ₹16 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹30 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹36 to make and Rohan sells it for ₹54. What is the markup in percent?
  19. 19.One fruit cup costs ₹52 to make and Ishaan sells it for ₹78. What is the markup in percent?
  20. 20.One paper bookmark costs ₹54 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹40 to make and Vihaan sells it for ₹50. What is the markup in percent?
  24. 24.One jute bag costs ₹20 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One potted plant costs ₹56 to make and Rohan sells it for ₹70. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹30 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  28. 28.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  29. 29.One cup of lemonade costs ₹50 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹24 to make and Diya sells it for ₹36. What is the markup in percent?
  31. 31.One potted plant costs ₹55 to make and Arjun sells it for ₹110. What is the markup in percent?
  32. 32.One friendship band costs ₹30 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  34. 34.One cup of lemonade costs ₹56 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹15 to make and Riya sells it for ₹18. What is the markup in percent?
  36. 36.One cupcake costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  37. 37.One clay diya costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One potted plant costs ₹59 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹34 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹20 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 18
  2. 6
  3. a loss
  4. 55
  5. 22
  6. 10
  7. 15
  8. 10
  9. 22
  10. 66
  11. 42
  12. 20
  13. 50
  14. 19
  15. 44
  16. 32
  17. 6
  18. 50
  19. 50
  20. 81
  21. 33
  22. 22
  23. 25
  24. 40
  25. 11
  26. 25
  27. 45
  28. what buyers will pay
  29. 60
  30. 50
  31. 100
  32. 36
  33. cost + a markup
  34. 14
  35. 20
  36. 25
  37. 22
  38. 118
  39. 51
  40. 24

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