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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 741 · 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 cup of lemonade costs ₹28 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹35 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹30 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹10 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One friendship band costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  8. 8.One potted plant costs ₹12 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs ₹12 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  11. 11.One fruit cup costs ₹22 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  13. 13.One potted plant costs ₹52 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹45 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹15 to make and Kavya sells it for ₹18. What is the markup in percent?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 10 rupees (d) 50 rupees
  17. 17.One handmade card costs ₹16 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  18. 18.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  19. 19.One bag of popcorn costs ₹60 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹15 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One cup of lemonade costs ₹16 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One friendship band costs ₹48 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One bag of popcorn costs ₹20 to make and Saanvi sells it for ₹30. What is the markup in percent?
  25. 25.One painted pebble costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹15 to make and Riya sells it for ₹18. What is the markup in percent?
  27. 27.One friendship band costs ₹15 to make and Zoya sells it for ₹18. What is the markup in percent?
  28. 28.One friendship band costs ₹25 to make and Meera sells it for ₹50. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹32 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹60 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹56 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹48 to make and Ananya sells it for ₹60. What is the markup in percent?
  34. 34.One potted plant costs ₹10 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹32 to make and Ishaan sells it for ₹40. What is the markup in percent?
  37. 37.One potted plant costs ₹60 to make and Aarav sells it for ₹90. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  39. 39.One paper bookmark costs ₹20 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹18 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 7
  2. 75
  3. 70
  4. 36
  5. 12
  6. 30
  7. what buyers will pay
  8. 6
  9. 18
  10. cost + a markup
  11. 11
  12. 10
  13. 13
  14. 54
  15. 20
  16. 10 rupees
  17. 32
  18. a loss
  19. 12
  20. 3
  21. 4
  22. 72
  23. 66
  24. 50
  25. 22
  26. 20
  27. 20
  28. 100
  29. 3
  30. 48
  31. 6
  32. 84
  33. 25
  34. 2
  35. 5
  36. 25
  37. 50
  38. 10
  39. 22
  40. 9

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