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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 800 · 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 painted pebble costs ₹12 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹54 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹26 to make and Gurpreet sells it for ₹52. What is the markup in percent?
  5. 5.One friendship band costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹26 to make and Tara sells it for ₹39. What is the markup in percent?
  7. 7.One friendship band costs ₹60 to make and Nisha sells it for ₹72. What is the markup in percent?
  8. 8.One glass of chai costs ₹40 to make and Farhan sells it for ₹48. What is the markup in percent?
  9. 9.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  11. 11.One paper bookmark costs ₹60 to make and Zoya sells it for ₹72. What is the markup in percent?
  12. 12.One glass of chai costs ₹25 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  14. 14.One glass of chai costs ₹52 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One bag of popcorn costs ₹45 to make and Vihaan sells it for ₹54. What is the markup in percent?
  18. 18.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  19. 19.One cupcake costs ₹18 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  21. 21.One paper bookmark costs ₹24 to make and Meera sells it for ₹30. What is the markup in percent?
  22. 22.One paper bookmark costs ₹15 to make and Tara sells it for ₹18. What is the markup in percent?
  23. 23.One clay diya costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹24 to make and Rohan sells it for ₹30. What is the markup in percent?
  25. 25.One potted plant costs ₹50 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹51 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹18 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹16 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs ₹40 to make and Meera sells it for ₹48. What is the markup in percent?
  31. 31.One friendship band costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  32. 32.One potted plant costs ₹22 to make and Ananya sells it for ₹44. What is the markup in percent?
  33. 33.One glass of chai costs ₹15 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹26 to make and Riya sells it for ₹52. What is the markup in percent?
  36. 36.One cupcake costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹24 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹30 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹29 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹44 to make. Diya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 6
  2. 81
  3. 72
  4. 100
  5. 10
  6. 50
  7. 20
  8. 20
  9. a loss
  10. 10 rupees
  11. 20
  12. 25
  13. what buyers will pay
  14. 13
  15. 42
  16. 11
  17. 20
  18. cost + a markup
  19. 9
  20. 10
  21. 25
  22. 20
  23. 3
  24. 25
  25. 60
  26. 102
  27. 36
  28. 1
  29. 4
  30. 20
  31. 20
  32. 100
  33. 3
  34. 5
  35. 100
  36. 11
  37. 48
  38. 36
  39. 58
  40. 66

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