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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 768 · 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 ₹15 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹32 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹55 to make and Ishaan sells it for ₹66. What is the markup in percent?
  4. 4.One paper bookmark costs ₹16 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹40 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹24 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹12 to make and Ananya sells it for ₹15. What is the markup in percent?
  9. 9.One painted pebble costs ₹50 to make and Vihaan sells it for ₹55. What is the markup in percent?
  10. 10.One potted plant costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  11. 11.One painted pebble costs ₹36 to make and Kavya sells it for ₹45. What is the markup in percent?
  12. 12.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  13. 13.One potted plant costs ₹52 to make and Nisha sells it for ₹65. What is the markup in percent?
  14. 14.One paper bookmark costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹30 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  18. 18.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  19. 19.One glass of chai costs ₹60 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹14 to make and Rohan sells it for ₹21. What is the markup in percent?
  21. 21.One glass of chai costs ₹26 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One clay diya costs ₹57 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹40 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One clay diya costs ₹36 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One glass of chai costs ₹58 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  27. 27.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  28. 28.One friendship band costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One paper bookmark costs ₹14 to make and Kabir sells it for ₹21. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹56 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One jute bag costs ₹18 to make and Aarav sells it for ₹27. What is the markup in percent?
  33. 33.One clay diya costs ₹34 to make and Ishaan sells it for ₹51. What is the markup in percent?
  34. 34.One fruit cup costs ₹32 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  36. 36.One handmade card costs ₹31 to make and Vihaan sells it for ₹62. What is the markup in percent?
  37. 37.One paper bookmark costs ₹20 to make and Saanvi sells it for ₹22. What is the markup in percent?
  38. 38.One cupcake costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  39. 39.One glass of chai costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  40. 40.One painted pebble costs ₹20 to make and Dev sells it for ₹22. What is the markup in percent?

Answer key

  1. 15
  2. 8
  3. 20
  4. 24
  5. 50
  6. 6
  7. 24
  8. 25
  9. 10
  10. 10
  11. 25
  12. a loss
  13. 25
  14. 9
  15. 55
  16. 36
  17. 10
  18. cost + a markup
  19. 66
  20. 50
  21. 39
  22. 114
  23. 20
  24. 11
  25. 45
  26. 116
  27. what buyers will pay
  28. 25
  29. 18
  30. 50
  31. 28
  32. 50
  33. 50
  34. 40
  35. 10 rupees
  36. 100
  37. 10
  38. 10
  39. 20
  40. 10

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